202 W 3rd StNorthportMI49670
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 Northport at 202 W 3rd St, Northport, MI, 49670 generates $11,810/mo in rent and, after a $4,890/mo payment, leaves $5,222/mo in cash flow. Total monthly income is $11,810/mo, and annual cash flow is $62,660/yr on $328,671 invested. Return on cash invested sits at 39.13% in year one, and rental yield is 14.19% on a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 206.38% and total cumulative return in cash sums $678,326. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $11,810/mo property income rather than buyer’s personal income.
Single Family
Built in 1895
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49670, Northport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,986 (100%) |
| Owner Occupied HU | 912 (45.9%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,003 (50.5%) |
| Median Home Value | $481,921 |
| Average Home Value | $650,211 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
