1676 Railroad StSeneyMI49883
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 Seney at 1676 Railroad St, Seney, MI, 49883 priced at $315,000 converts $3,869/mo rent into $1,792/mo cash flow after a $1,542/mo obligation. Total monthly income equals $3,869/mo, and annual cash flow totals $21,498/yr on $104,423 invested. Return on cash invested prints 40.5% in year one, and rental yield reads 14.74% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 213.8% and total cumulative return in cash sums $223,253. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,869/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49883, Seney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 51 (21.2%) |
| Renter Occupied HU | 6 ( 2.5%) |
| Vacant Housing Units | 184 (76.3%) |
| Median Home Value | $201,786 |
| Average Home Value | $211,373 |
Housing Distribution
Address Breakdown
Residential
23
Single Family
23
Multi-Family
0
Businesses
11
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Nearby investment properties with comparable prices
Listed by: Rick Capogrossa • Cap's Grand Marais Bucket List Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #23-1142
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.