13333 S Black River RdOnawayMI49765
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 13333 S Black River Rd, Onaway, MI, 49765 in Onaway worth study. Rental yield 4.47%. The 4.47% gross yield is below cash-flow benchmarks at $426,700, but 5% annual appreciation, adding $117,889 over five years, frames this as a capital growth position. Rent of $1,590/mo partially offsets the $1,919/mo payment. Ziffy Mortgage finances appreciation-play properties (0.83 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $83,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 8.0% |
| Monthly Cash Flow | $(1,224) | $800 |
City averages based on Onaway market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,590 |
| Total Monthly Debt Service | $2,644 |
| DSCR Ratio | 0.60x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49765, Onaway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,656 (100%) |
| Owner Occupied HU | 1,496 (56.3%) |
| Renter Occupied HU | 251 ( 9.5%) |
| Vacant Housing Units | 909 (34.2%) |
| Median Home Value | $150,741 |
| Average Home Value | $208,453 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,722
Multi-Family
60
Businesses
123
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
Single Family
Built in N/A
2.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49765, Onaway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,656 (100%) |
| Owner Occupied HU | 1,496 (56.3%) |
| Renter Occupied HU | 251 ( 9.5%) |
| Vacant Housing Units | 909 (34.2%) |
| Median Home Value | $150,741 |
| Average Home Value | $208,453 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,722
Multi-Family
60
Businesses
123
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices