20631 Northern Lights LnMackinaw 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
Total monthly income runs $2,303/mo, and a $2,251/mo payment. Purchase price stands at $459,900, and rental yield measures 6.01% with $2,303/mo rent. Return on cash invested shows 14.16% in year one, and 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 72.59% and total cumulative return in cash records $110,670. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $2,251/mo payment rather than investor’s personal income.
Single Family
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Rayment • Mackinac Island Realty, Inc
Mls Name: RMLS Multi-List
Mls ID: #522-25-0005