17058 Elsner RdBaragaMI49908
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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 Baraga at 17058 Elsner Rd, Baraga, MI, 49908 listed at $245,000 pairs $1,351/mo rent with a $1,199/mo payment. Total monthly income runs $1,351/mo. Return on cash invested measures 16% in year one, and rental yield registers 6.62% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 82.43% and total cumulative return in cash totals $66,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,351/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1999
92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49908, Baraga, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 708 (57.2%) |
| Renter Occupied HU | 284 (23.0%) |
| Vacant Housing Units | 245 (19.8%) |
| Median Home Value | $150,952 |
| Average Home Value | $211,317 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
839
Multi-Family
95
Businesses
89
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Listed by: MARISA KAHKONEN • UP NORTH REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50140025
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