211 Mohawk StCopper CityMI49917
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
Rental property for sale in Copper City at 211 Mohawk St, Copper City, MI, 49917 offers $1,508/mo rent that, after a $563/mo payment, leaves $750/mo cash flow. Total monthly income is $1,508/mo, and annual cash flow is $8,994/yr on $38,123 cash. Return on cash invested measures 43.5% in year one, and rental yield stands at 15.74% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 229.94% and total cumulative return in cash reaches $87,657. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,508/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49917, Copper City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 113 (100%) |
| Owner Occupied HU | 71 (62.8%) |
| Renter Occupied HU | 12 (10.6%) |
| Vacant Housing Units | 30 (26.5%) |
| Median Home Value | $164,583 |
| Average Home Value | $206,549 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JULIE WAARA • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50183253
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.