2020 County Road 424 RdGaastraMI49927
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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 Gaastra at 2020 County Road 424 Rd, Gaastra, MI, 49927 generates $0/mo in rent, after a $974/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.96% in year one, and rental yield is 0% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49927, Gaastra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 191 (100%) |
| Owner Occupied HU | 118 (61.8%) |
| Renter Occupied HU | 28 (14.7%) |
| Vacant Housing Units | 45 (23.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $264,364 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
8
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No similar rental properties found nearby.
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Listed by: PUNNER FRANZENE • U.P. RIVERLAND REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176414
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