14763 Korsman PkwyStannard TownshipMI49912
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 14763 Korsman Pkwy, Stannard Township, MI, 49912 in Stannard Township worth study. Rental yield 4.59%. The 4.59% gross yield is below cash-flow benchmarks at $585,000, but 5% annual appreciation, adding $161,625 over five years, frames this as a capital growth position. Rent of $2,239/mo partially offsets the $2,631/mo payment. Ziffy Mortgage finances appreciation-play properties (0.85 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $118,659.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.5% |
| Monthly Cash Flow | $(1,619) | $200 |
City averages based on Stannard Township market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,239 |
| Total Monthly Debt Service | $3,625 |
| DSCR Ratio | 0.62x |
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 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
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 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