17920 S Straits HwyVanderbiltMI49795
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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 Vanderbilt at 17920 S Straits Hwy, Vanderbilt, MI, 49795 uses $46,079 cash to close to unlock $2,420/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,118/mo, and a $680/mo payment keeps the spread at $202/mo. Purchase price stands at $139,000, and rental yield measures 9.65% with $1,118/mo rent. Return on cash invested shows 25.16% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 131.58% and total cumulative return in cash records $60,632. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,118/mo property income covering a $680/mo payment rather than investor’s personal income.
Single Family
Built in 1997
3.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
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Listed by: Casey Gilling • Kidd & Leavy Real Estate Co. LLC
Mls Name: Northern Michigan MLS
Mls ID: #478435