17796 State Highway M38OntonagonMI49953
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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
Rental property for sale in Ontonagon at 17796 State Highway M38, Ontonagon, MI, 49953 generates $1,681/mo in rent and, after a $1,224/mo payment, leaves $32/mo in cash flow. Total monthly income is $1,681/mo, and annual cash flow is $384/yr on $82,875 invested. Return on cash invested sits at 20.37% in year one, and rental yield is 8.07% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 105.86% and total cumulative return in cash sums $87,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,681/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
90.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
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Listed by: JACOB FLOHR • CLC REALTY, LLC.
Mls Name: GNMLS
Mls Provider:
Mls ID: #209655
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.