15979 State Highway M35RockMI49880
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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 Rock at 15979 State Highway M35, Rock, MI, 49880 uses $102,765 cash to close to unlock $14,040/yr annual cash flow and $1,170/mo monthly cash flow. Total monthly income runs $3,214/mo, and a $1,517/mo payment keeps the spread at $1,170/mo. Purchase price stands at $310,000, and rental yield measures 12.44% with $3,214/mo rent. Return on cash invested shows 33.57% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 176.61% and total cumulative return in cash records $181,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,214/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1930
11.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49880, Rock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 773 (100%) |
| Owner Occupied HU | 467 (60.4%) |
| Renter Occupied HU | 24 ( 3.1%) |
| Vacant Housing Units | 282 (36.5%) |
| Median Home Value | $175,750 |
| Average Home Value | $209,234 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
19
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Listed by: JAMIE BEAVER • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50150459
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.