192 W Arch StNegauneeMI49866
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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 Negaunee at 192 W Arch St, Negaunee, MI, 49866 listed at $249,900 pairs $2,078/mo rent with a $1,223/mo payment to leave $430/mo cash flow. Total monthly income runs $2,078/mo, and annual cash flow reaches $5,162/yr on $82,842 cash to close. Return on cash invested measures 26.14% in year one, and rental yield registers 9.98% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 136.85% and total cumulative return in cash totals $113,366. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,078/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1880
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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Listed by: KRISTINE GOUPILLE • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50177368
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.