19 Elder DrMarquetteMI49855
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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 Marquette at 19 Elder Dr, Marquette, MI, 49855 offers $3,074/mo rent that, after a $2,936/mo payment. Total monthly income is $3,074/mo. Return on cash invested measures 14.7% in year one, and rental yield stands at 6.15% at a $599,900 entry. Equity gained on principal adds $3,871/yr while 5% annual appreciation compounds into $165,741 by year five. Five-year ROI records 75.42% and total cumulative return in cash reaches $148,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,074/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49855, Marquette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,232 (100%) |
| Owner Occupied HU | 8,720 (57.2%) |
| Renter Occupied HU | 5,149 (33.8%) |
| Vacant Housing Units | 1,363 ( 8.9%) |
| Median Home Value | $284,547 |
| Average Home Value | $337,597 |
Housing Distribution
Address Breakdown
Residential
14,635
Single Family
12,205
Multi-Family
2,430
Businesses
1,499
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