219 W Madison AveSuttons BayMI49682
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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 Suttons Bay at 219 W Madison Ave, Suttons Bay, MI, 49682 with 5% annual appreciation on a $575,000 basis while $4,992/mo rent supports operations. Total monthly income totals $4,992/mo and a $2,814/mo payment preserves $1,201/mo for cash returns. Annual cash flow comes to $14,406/yr on $189,175 deployed, and return on cash invested reaches 27.68% in year one. Equity gained on principal adds $3,710/yr, and five-year appreciation sums $158,862 alongside rental yield of 10.42%. Five-year ROI measures 145% and total cumulative return in cash totals $274,307.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,992/mo property income versus a $2,814/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: Pamela Mork • Coldwell Banker Schmidt-S.Bay
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925247
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.