2189 Viking WayGraylingMI49738
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe income profile at 2189 Viking Way, Grayling, MI, 49738 in Grayling is straightforward: $169,900 in, $1,543/mo in rent, $288/mo out after debt service. The 10.9% gross yield and 2.02 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $46,940 by year five. With $1,565/yr in principal equity, the total cumulative return is projected at $83,871.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 8.0% |
| Monthly Cash Flow | $288 | $350 |
City averages based on Grayling market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,543 |
| Total Monthly Debt Service | $1,188 |
| DSCR Ratio | 1.30x |
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.
Condo
Built in 1980
1,742 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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
Condo
Built in 1980
1,742 sqft lot
$N/A/sqft
$135 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle E Millikin • Homewaters, L.L.C. Grayling
Mls Name: WWMLS
Mls Provider:
Mls ID: #201833835
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