20534 Northern Lights LnMackinaw CityMI49701
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder20534 Northern Lights Ln, Mackinaw City, MI, 49701 in Mackinaw City is a stable, well-positioned rental at $420,000. Rental yield 7.15%. DSCR 1.26 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $116,038 in value and $3,521/yr in principal paydown builds equity, a total projected return of $134,868.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 7.0% |
| Monthly Cash Flow | $(693) | $550 |
City averages based on Mackinaw City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,502 |
| Total Monthly Debt Service | $2,705 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49701, Mackinaw City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 885 (100%) |
| Owner Occupied HU | 361 (40.8%) |
| Renter Occupied HU | 129 (14.6%) |
| Vacant Housing Units | 395 (44.6%) |
| Median Home Value | $269,318 |
| Average Home Value | $348,809 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
241
Multi-Family
32
Businesses
149
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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
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: WWMLS
Mls Provider:
Mls ID: #201842994
