14086 E Lime Island RdGoetzvilleMI49736
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 Goetzville at 14086 E Lime Island Rd, Goetzville, MI, 49736 offers a 8.22% rental yield on a $189,000 purchase with $1,294/mo rent. Total monthly income registers $1,294/mo, and a $925/mo payment leaves $48/mo available for distribution. Annual cash flow reaches $572/yr on $62,654 to close, and return on cash invested stands at 20.82% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 108.29% and total cumulative return in cash at $67,846. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,294/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49736, Goetzville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 574 (100%) |
| Owner Occupied HU | 240 (41.8%) |
| Renter Occupied HU | 16 ( 2.8%) |
| Vacant Housing Units | 318 (55.4%) |
| Median Home Value | $159,559 |
| Average Home Value | $196,990 |
Housing Distribution
Address Breakdown
Residential
308
Single Family
308
Multi-Family
0
Businesses
7
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Nearby investment properties with comparable prices
Listed by: Ted Ottaway • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-368
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.