215 Main StBaragaMI49908
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 215 Main St, Baraga, MI, 49908 in Baraga earns a 11.81% gross yield at $120,500. Rent of $1,186/mo nets $391/mo after the $542/mo mortgage. The 2.19 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $33,292 and $1,110/yr in equity accumulation project a total cumulative return of $71,129.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 8.0% |
| Monthly Cash Flow | $391 | $350 |
City averages based on Baraga market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,186 |
| Total Monthly Debt Service | $747 |
| DSCR Ratio | 1.59x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.