213 Lynn StMunisingMI49862
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Munising rental at 213 Lynn St, Munising, MI, 49862 sits in the solid-income band: 9.41% gross yield, $1,325/mo rent, $211/mo net after the $760/mo debt service, DSCR 1.74. Entry price of $169,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $46,692 and $1,557/yr in principal reduction bring total cumulative return to $77,923.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.0% |
| Monthly Cash Flow | $211 | $300 |
City averages based on Munising market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,325 |
| Total Monthly Debt Service | $1,047 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49862, Munising, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,371 (55.2%) |
| Renter Occupied HU | 343 (13.8%) |
| Vacant Housing Units | 769 (31.0%) |
| Median Home Value | $173,115 |
| Average Home Value | $218,115 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,658
Multi-Family
144
Businesses
217
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 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49862, Munising, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,371 (55.2%) |
| Renter Occupied HU | 343 (13.8%) |
| Vacant Housing Units | 769 (31.0%) |
| Median Home Value | $173,115 |
| Average Home Value | $218,115 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,658
Multi-Family
144
Businesses
217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices