21948 E Grand Marais AveGrand MaraisMI49839
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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
Rental property for sale in Grand Marais at 21948 E Grand Marais Ave, Grand Marais, MI, 49839 generates $0/mo in rent, after a $1,268/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.97% in year one, and rental yield is 0% on a $259,000 entry. Equity gained on principal adds $1,671/yr, while 5% annual appreciation builds toward $71,557 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49839, Grand Marais, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 204 (28.6%) |
| Renter Occupied HU | 25 ( 3.5%) |
| Vacant Housing Units | 485 (67.9%) |
| Median Home Value | $206,250 |
| Average Home Value | $222,843 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: NICOLE DARROW • BIG LAKE REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50181193