205 N Superior AveBaragaMI49908
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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 Baraga at 205 N Superior Ave, Baraga, MI, 49908 offers a 19.64% rental yield on a $100,000 purchase with $1,637/mo rent. Total monthly income registers $1,637/mo, and a $489/mo payment leaves $978/mo available for distribution. Annual cash flow reaches $11,736/yr on $33,150 to close, and return on cash invested stands at 55.31% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 293.19% and total cumulative return in cash at $97,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,637/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49908, Baraga, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 708 (57.2%) |
| Renter Occupied HU | 284 (23.0%) |
| Vacant Housing Units | 245 (19.8%) |
| Median Home Value | $150,952 |
| Average Home Value | $211,317 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
839
Multi-Family
95
Businesses
89
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Listed by: DALE G GORDON • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174842
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.