19881 Lakeshore Dr #2OntonagonMI49953
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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 Ontonagon at 19881 Lakeshore Dr #2, Ontonagon, MI, 49953 earns from $0/mo rent with a $1,835/mo payment. Total monthly income totals $0/mo. ROI tracks -3.96% on current figures, and rental yield reads 0% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1981
63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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Listed by: KAREN LAHTI • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50178355
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.