2296 County Road 424GaastraMI49927
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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 Gaastra at 2296 County Road 424, Gaastra, MI, 49927 uses $174,041 cash to close to unlock $13,232/yr annual cash flow and $1,103/mo monthly cash flow. Total monthly income runs $4,591/mo, and a $2,589/mo payment keeps the spread at $1,103/mo. Purchase price stands at $529,000, and rental yield measures 10.41% with $4,591/mo rent. Return on cash invested shows 27.66% in year one, and 5% annual appreciation builds toward $146,153 over five years. Five-year ROI reaches 144.93% and total cumulative return in cash records $252,233. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,591/mo property income covering a $2,589/mo payment rather than investor’s personal income.
Single Family
Built in 1901
159 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: JORDYN LEONARDUZZI • RE/MAX NORTH COUNTRY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50125035
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.