208 E Jamet StMackinaw CityMI49701
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 208 E Jamet St, Mackinaw City, MI, 49701 in Mackinaw City aligned with their strategy. Rental yield 6.64%. DSCR 1.23 and 6.64% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $2,513/yr in paydown build toward a projected cumulative return of $85,389.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 7.0% |
| Monthly Cash Flow | $(290) | $550 |
City averages based on Mackinaw City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,510 |
| Total Monthly Debt Service | $1,691 |
| DSCR Ratio | 0.89x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
7,405 sqft 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
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
Single Family
Built in 1960
7,405 sqft 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: Christine McCann • Ayre/Rhinehart Bay REALTORS
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50163582
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