14763 Korsman PkwyStannard TownshipMI49912
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 Stannard Township at 14763 Korsman Pkwy, Stannard Township, MI, 49912 earns from $2,239/mo rent with a $2,863/mo payment. Total monthly income totals $2,239/mo. ROI tracks 9.97% on current figures, and rental yield reads 4.59% at a $585,000 purchase. Equity gained on principal adds $3,775/yr, and 5% annual appreciation supports $161,625 over five years. Five-year ROI reaches 50.04% and total cumulative return in cash sums $96,306. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,239/mo property income instead of your personal income.
Single Family
Built in 1970
76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49912, Bruce Crossing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 379 (51.3%) |
| Renter Occupied HU | 43 ( 5.8%) |
| Vacant Housing Units | 317 (42.9%) |
| Median Home Value | $154,808 |
| Average Home Value | $188,384 |
Housing Distribution
Address Breakdown
Residential
313
Single Family
301
Multi-Family
12
Businesses
25
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: DALE G GORDON • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50176863