2 Cedar Point LnMackinac IslandMI49757
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
Investment property for sale in Mackinac Island at 2 Cedar Point Ln, Mackinac Island, MI, 49757 with 5% annual appreciation on a $169,000 basis while $1,600/mo rent supports operations. Total monthly income totals $1,600/mo and a $827/mo payment preserves $486/mo for cash returns. Annual cash flow comes to $5,828/yr on $56,024 deployed, and return on cash invested reaches 30.31% in year one. Equity gained on principal adds $1,091/yr, and five-year appreciation sums $46,692 alongside rental yield of 11.36%. Five-year ROI measures 159.18% and total cumulative return in cash totals $89,179.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,600/mo property income versus a $827/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49757, Mackinac Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 179 (18.3%) |
| Renter Occupied HU | 116 (11.9%) |
| Vacant Housing Units | 683 (69.8%) |
| Median Home Value | $602,273 |
| Average Home Value | $700,140 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
137
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Larry Rellinger • Mackinac Island Realty, Inc
Mls Name: RMLS Multi-List
Mls ID: #522-23-0001