22997 Chippewa TrlDollar BayMI49922
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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 Dollar Bay at 22997 Chippewa Trl, Dollar Bay, MI, 49922 earns from $1,990/mo rent with a $2,814/mo payment. Total monthly income totals $1,990/mo. ROI tracks 8.63% on current figures, and rental yield reads 4.15% at a $575,000 purchase. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 over five years. Five-year ROI reaches 42.89% and total cumulative return in cash sums $81,131. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,990/mo property income instead of your personal income.
Single Family
Built in 1974
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49922, Dollar Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 245 (73.6%) |
| Renter Occupied HU | 52 (15.6%) |
| Vacant Housing Units | 36 (10.8%) |
| Median Home Value | $271,667 |
| Average Home Value | $330,265 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
29
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Listed by: BRIAN RIMPELA • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls ID: #50187628