1367 Wenzel HwyRogers CityMI49779
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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
Rental property for sale in Rogers City at 1367 Wenzel Hwy, Rogers City, MI, 49779 generates $2,958/mo in rent, after a $2,570/mo payment. Total monthly income is $2,958/mo. Return on cash invested sits at 16.56% in year one, and rental yield is 6.76% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 85.38% and total cumulative return in cash sums $147,465. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,958/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
10.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49779, Rogers City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,753 (100%) |
| Owner Occupied HU | 1,871 (68.0%) |
| Renter Occupied HU | 384 (13.9%) |
| Vacant Housing Units | 498 (18.1%) |
| Median Home Value | $139,640 |
| Average Home Value | $191,639 |
Housing Distribution
Address Breakdown
Residential
2,337
Single Family
2,184
Multi-Family
153
Businesses
226
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Listed by: Lori Ann Sparling • RE/MAX New Horizons
Mls Name: WWMLS
Mls ID: #201837737