151 Hoeft RdRogers CityMI49779
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 Rogers City at 151 Hoeft Rd, Rogers City, MI, 49779 priced at $189,000 pairs $1,786/mo rent with $540/mo cash flow after a $925/mo payment. Total monthly income equals $1,786/mo, and annual cash flow comes to $6,476/yr on $62,654 invested. Return on cash invested is 30.25% in year one, and rental yield stands at 11.34% on a $189,000 basis. Equity gained on principal adds $1,220/yr, and 5% annual appreciation accumulates to $52,217 by year five. Five-year ROI measures 158.81% and total cumulative return in cash reaches $99,502. For financing, Ziffy Mortgage’s DSCR program evaluates $1,786/mo property income against a $925/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.36 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: Amy Muckle • Real Estate One Of Presque Isle
Mls Name: WWMLS
Mls ID: #201836999