20637 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 20637 Northern Lights Ln, Mackinaw City, MI, 49701 offers a 6.76% rental yield on a $329,000 purchase with $1,853/mo rent. 43% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 84.71% and total cumulative return in cash at $92,385. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,853/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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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Listed by: Kelly Rayment • Mackinac Island Realty, Inc
Mls Name: RMLS Multi-List
Mls ID: #522-25-0011