21 Pine Cove LnMackinac islandMI49757
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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 Mackinac island at 21 Pine Cove Ln, Mackinac island, MI, 49757 at $189,500 posts ROI 26.04% with $321/mo cash flow from $1,571/mo rent. Total monthly income equals $1,571/mo, and annual cash flow records $3,850/yr on $62,819 to close. Return on cash invested measures 26.04% and rental yield reads 9.95% at the current $189,500. Equity gained on principal adds $1,223/yr, and 5% annual appreciation supports $52,355 by year five. Five-year ROI prints 136.26% and total cumulative return in cash totals $85,595.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,571/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Lot
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49757, Mackinac Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 179 (18.3%) |
| Renter Occupied HU | 116 (11.9%) |
| Vacant Housing Units | 683 (69.8%) |
| Median Home Value | $602,273 |
| Average Home Value | $700,140 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
137
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Nearby investment properties with comparable prices
Listed by: Larry Rellinger • Mackinac Island Realty, Inc
Mls Name: RMLS Multi-List
Mls ID: #522-23-0010