2025 Carpenter Lake RdSeneyMI49883
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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 Seney at 2025 Carpenter Lake Rd, Seney, MI, 49883 generates $1,685/mo in rent, after a $2,198/mo payment. Total monthly income is $1,685/mo. Return on cash invested sits at 9.62% in year one, and rental yield is 4.5% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 48.2% and total cumulative return in cash sums $71,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,685/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
14.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49883, Seney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 51 (21.2%) |
| Renter Occupied HU | 6 ( 2.5%) |
| Vacant Housing Units | 184 (76.3%) |
| Median Home Value | $201,786 |
| Average Home Value | $211,373 |
Housing Distribution
Address Breakdown
Residential
23
Single Family
23
Multi-Family
0
Businesses
11
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Listed by: STACEY MASTERS • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50144223
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