20568 Northern Lights Ln UNIT 17Mackinaw CityMI49701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 20568 Northern Lights Ln UNIT 17, Mackinaw City, MI, 49701 earns from $1,500/mo rent with a $1,908/mo payment. Total monthly income totals $1,500/mo. ROI tracks 6.68% on current figures, and rental yield reads 4.62% at a $389,900 purchase. Equity gained on principal adds $2,516/yr, and 5% annual appreciation supports $107,722 over five years. Five-year ROI reaches 33.65% and total cumulative return in cash sums $43,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,500/mo property income instead of your personal income.
Condo
Built in 2001
871.20 sqft lot
$N/A/sqft
$1,061 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Luke Boyea • Real Broker Ann Arbor
Mls Name: MichRIC
Mls Provider:
Mls ID: #25010123
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.