211 Par DrAlpenaMI49707
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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 Alpena at 211 Par Dr, Alpena, MI, 49707 generates $1,139/mo in rent and, after a $734/mo payment, leaves $150/mo in cash flow. Total monthly income is $1,139/mo, and annual cash flow is $1,802/yr on $49,692 invested. Return on cash invested sits at 23.54% in year one, and rental yield is 9.12% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 122.91% and total cumulative return in cash sums $61,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,139/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49707, Alpena, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 7,776 (66.0%) |
| Renter Occupied HU | 2,265 (19.2%) |
| Vacant Housing Units | 1,747 (14.8%) |
| Median Home Value | $150,147 |
| Average Home Value | $189,050 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
10,102
Multi-Family
673
Businesses
1,047
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Nearby investment properties with comparable prices
Listed by: Lisa Timm • Banner Realty
Mls Name: WWMLS
Mls Provider:
Mls ID: #201837070
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