1324 Wenniway DrMackinaw CityMI49701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Mackinaw City at 1324 Wenniway Dr, Mackinaw City, MI, 49701 listed at $1,100,000 pairs $2,466/mo rent with a $5,384/mo payment. Total monthly income runs $2,466/mo. Return on cash invested measures 4.25% in year one, and rental yield registers 2.69% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 19.31% and total cumulative return in cash totals $68,803. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,466/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Home Type Unknown
Built in 1939
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49701, Mackinaw City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 885 (100%) |
| Owner Occupied HU | 361 (40.8%) |
| Renter Occupied HU | 129 (14.6%) |
| Vacant Housing Units | 395 (44.6%) |
| Median Home Value | $269,318 |
| Average Home Value | $348,809 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
241
Multi-Family
32
Businesses
149
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A