23041 Rice RdCopemishMI49625
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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 Copemish at 23041 Rice Rd, Copemish, MI, 49625 listed at $283,000 pairs $3,493/mo rent with a $1,385/mo payment to leave $1,627/mo cash flow. Total monthly income runs $3,493/mo, and annual cash flow reaches $19,523/yr on $93,815 cash to close. Return on cash invested measures 40.72% in year one, and rental yield registers 14.81% at a $283,000 basis. Equity gained on principal adds $1,826/yr, and annual property appreciation at 5% supports $78,188 by year five. Five-year ROI tracks 214.96% and total cumulative return in cash totals $201,663. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,493/mo property income relative to a $1,385/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
8.82 Acres lot
$N/A/sqft
No HOA
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Listed by: Shirley Mccoy • Coldwell Banker Schmidt-Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924965
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.