15682 Us Highway 2 HwyCooksMI49817
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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
Total monthly income runs $0/mo, and a $1,664/mo payment. Purchase price stands at $339,900, and rental yield measures 0% with $0/mo rent. Return on cash invested shows -3.97% in year one, and 5% annual appreciation builds toward $93,908 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $0/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 1988
53.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49817, Cooks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 195 (76.2%) |
| Renter Occupied HU | 18 ( 7.0%) |
| Vacant Housing Units | 43 (16.8%) |
| Median Home Value | $222,794 |
| Average Home Value | $250,449 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
238
Multi-Family
0
Businesses
7
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Listed by: LORI KEINATH • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179828
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