1862 W 16th RdMesickMI49668
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 Mesick at 1862 W 16th Rd, Mesick, MI, 49668 generates $1,637/mo in rent, after a $1,459/mo payment. Total monthly income is $1,637/mo. Return on cash invested sits at 15.92% in year one, and rental yield is 6.59% on a $298,000 entry. Equity gained on principal adds $1,923/yr, while 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 81.99% and total cumulative return in cash sums $80,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,637/mo property income rather than buyer’s personal income.
Manufactured
Built in 2007
13.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49668, Mesick, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,108 (100%) |
| Owner Occupied HU | 1,406 (66.7%) |
| Renter Occupied HU | 214 (10.2%) |
| Vacant Housing Units | 488 (23.1%) |
| Median Home Value | $180,337 |
| Average Home Value | $207,329 |
Housing Distribution
Address Breakdown
Residential
1,515
Single Family
1,515
Multi-Family
0
Businesses
74
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Nearby investment properties with comparable prices
Listed by: Erica Marshall • REO-TCFront-233021
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1937519
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.