17809 N Cemetery RdMcmillan TownshipMI49925
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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 Mcmillan Township at 17809 N Cemetery Rd, Mcmillan Township, MI, 49925 offers a 9.18% rental yield on a $129,000 purchase with $987/mo rent. Total monthly income registers $987/mo, and a $631/mo payment leaves $137/mo available for distribution. Annual cash flow reaches $1,640/yr on $42,764 to close, and return on cash invested stands at 23.74% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 123.98% and total cumulative return in cash at $53,017. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $987/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49925, Ewen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 471 (100%) |
| Owner Occupied HU | 247 (52.4%) |
| Renter Occupied HU | 29 ( 6.2%) |
| Vacant Housing Units | 195 (41.4%) |
| Median Home Value | $215,476 |
| Average Home Value | $224,130 |
Housing Distribution
Address Breakdown
Residential
140
Single Family
131
Multi-Family
9
Businesses
27
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Listed by: COLE BORSETH • BORSETH PROPERTIES
Mls Name: Upper Peninsula AOR
Mls ID: #50177469