209 Mine StVulcanMI49870
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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 Vulcan at 209 Mine St, Vulcan, MI, 49870 offers a 9.62% rental yield on a $108,900 purchase with $873/mo rent. Total monthly income registers $873/mo, and a $533/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,858/yr on $36,100 to close, and return on cash invested stands at 25.06% in year one. Equity gained on principal adds $703/yr while 5% annual appreciation supports $30,087 over five years. Portfolio math shows five-year ROI at 131.01% and total cumulative return in cash at $47,294. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $873/mo property income against a $533/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49870, Norway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,591 (100%) |
| Owner Occupied HU | 1,119 (70.3%) |
| Renter Occupied HU | 315 (19.8%) |
| Vacant Housing Units | 157 ( 9.9%) |
| Median Home Value | $161,773 |
| Average Home Value | $196,988 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,397
Multi-Family
84
Businesses
136
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Listed by: LINDA PLUMLEY • LEEDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50172107
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