22308 E County Road H Rd #58Grand 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
Total monthly income runs $2,549/mo, and a $2,349/mo payment. Purchase price stands at $479,900, and rental yield measures 6.37% with $2,549/mo rent. Return on cash invested shows 15.26% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 78.48% and total cumulative return in cash records $124,857. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,549/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1960
4.75 Acres 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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Listed by: Molly Tavenner • Cap's Grand Marais Bucket List Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-170
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.