215 Main StBaragaMI49908
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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 Baraga at 215 Main St, Baraga, MI, 49908 with 5% annual appreciation on a $120,500 basis while $1,186/mo rent supports operations. Total monthly income totals $1,186/mo and a $590/mo payment preserves $391/mo for cash returns. Annual cash flow comes to $4,694/yr on $39,946 deployed, and return on cash invested reaches 31.66% in year one. Equity gained on principal adds $778/yr, and five-year appreciation sums $33,292 alongside rental yield of 11.81%. Five-year ROI measures 166.51% and total cumulative return in cash totals $66,512.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,186/mo property income versus a $590/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49908, Baraga, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 708 (57.2%) |
| Renter Occupied HU | 284 (23.0%) |
| Vacant Housing Units | 245 (19.8%) |
| Median Home Value | $150,952 |
| Average Home Value | $211,317 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
839
Multi-Family
95
Businesses
89
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Listed by: WILLIAM ROLOF • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50149460
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.