1439 Harvey Goudreau RdGulliverMI49840
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
Rental property for sale in Gulliver at 1439 Harvey Goudreau Rd, Gulliver, MI, 49840 priced at $280,000 converts $2,696/mo rent into $850/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,696/mo, and annual cash flow totals $10,200/yr on $92,820 invested. Return on cash invested prints 30.9% in year one, and rental yield reads 11.55% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 162.28% and total cumulative return in cash sums $150,633. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,696/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1900
10.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49840, Gulliver, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 364 (43.3%) |
| Renter Occupied HU | 22 ( 2.6%) |
| Vacant Housing Units | 454 (54.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,464 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
14
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Listed by: CORRINA JOHNSON • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50173588
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.