2163 M 32 WAlpenaMI49707
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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 Alpena at 2163 M 32 W, Alpena, MI, 49707 offers a 9.48% rental yield on a $128,000 purchase with $1,011/mo rent. Total monthly income registers $1,011/mo, and a $627/mo payment leaves $167/mo available for distribution. Annual cash flow reaches $2,009/yr on $42,432 to close, and return on cash invested stands at 24.64% in year one. Equity gained on principal adds $826/yr while 5% annual appreciation supports $35,364 over five years. Portfolio math shows five-year ROI at 128.82% and total cumulative return in cash at $54,659. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,011/mo property income against a $627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.63 Acres 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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