23 County RdNegauneeMI49866
Nearby investment properties with comparable rents
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
Rental property for sale in Negaunee at 23 County Rd, Negaunee, MI, 49866 offers $2,287/mo rent that, after a $587/mo payment, leaves $1,496/mo cash flow. Total monthly income is $2,287/mo, and annual cash flow is $17,952/yr on $39,780 cash. Return on cash invested measures 65.04% in year one, and rental yield stands at 22.87% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 345.36% and total cumulative return in cash reaches $137,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,287/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
1.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER COSCO • SELECT REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179056
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.