20546 Northern Lights LnMackinaw CityMI49701
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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 Mackinaw City at 20546 Northern Lights Ln, Mackinaw City, MI, 49701 listed at $380,000 pairs $2,212/mo rent with a $1,860/mo payment. Total monthly income runs $2,212/mo. Return on cash invested measures 17.11% in year one, and rental yield registers 6.99% at a $380,000 basis. Equity gained on principal adds $2,452/yr, and annual property appreciation at 5% supports $104,987 by year five. Five-year ROI tracks 88.34% and total cumulative return in cash totals $111,277. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,212/mo property income relative to a $1,860/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in N/A
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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Listed by: Jacqueline Kimball • Real Broker LLC - Petoskey
Mls Name: WWMLS
Mls ID: #201838433