1553 Nipissing TrlIndian RiverMI49749
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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 Indian River at 1553 Nipissing Trl, Indian River, MI, 49749 earns from $3,958/mo rent with a $5,330/mo payment. Total monthly income totals $3,958/mo. ROI tracks 9.41% on current figures, and rental yield reads 4.36% at a $1,089,000 purchase. Equity gained on principal adds $7,027/yr, and 5% annual appreciation supports $300,871 over five years. Five-year ROI reaches 46.97% and total cumulative return in cash sums $165,742. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,958/mo property income instead of your personal income.
Single Family
Built in N/A
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: Will Baker • Graham Real Estate
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476225
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.