22 N 1st StGaastraMI49927
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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
Investment Highlights
Investment property for sale in Gaastra at 22 N 1st St, Gaastra, MI, 49927 with 5% annual appreciation on a $144,900 basis while $2,179/mo rent supports operations. Total monthly income totals $2,179/mo and a $709/mo payment preserves $1,224/mo for cash returns. Annual cash flow comes to $14,684/yr on $48,034 deployed, and return on cash invested reaches 50.48% in year one. Equity gained on principal adds $935/yr, and five-year appreciation sums $40,033 alongside rental yield of 18.05%. Five-year ROI measures 267.31% and total cumulative return in cash totals $128,401.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,179/mo property income versus a $709/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49927, Gaastra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 191 (100%) |
| Owner Occupied HU | 118 (61.8%) |
| Renter Occupied HU | 28 (14.7%) |
| Vacant Housing Units | 45 (23.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $264,364 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
8
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Listed by: ZACHARY GOODMAN • KELLER WILLIAMS UPPER PENINSULA-IR
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50150822
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