231 S Ontario StDe Tour VillageMI49725
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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 De Tour Village at 231 S Ontario St, De Tour Village, MI, 49725 earns $1,052/mo cash flow from $1,873/mo rent with a $609/mo payment. Total monthly income totals $1,873/mo, and annual cash flow totals $12,628/yr on $41,272 capital. ROI tracks 50.51% on current figures, and rental yield reads 18.05% at a $124,500 purchase. Equity gained on principal adds $803/yr, and 5% annual appreciation supports $34,397 over five years. Five-year ROI reaches 267.53% and total cumulative return in cash sums $110,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,873/mo property income instead of your personal income.
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49725, De Tour Village, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 814 (100%) |
| Owner Occupied HU | 326 (40.0%) |
| Renter Occupied HU | 18 ( 2.2%) |
| Vacant Housing Units | 470 (57.7%) |
| Median Home Value | $252,381 |
| Average Home Value | $268,351 |
Housing Distribution
Address Breakdown
Residential
250
Single Family
250
Multi-Family
0
Businesses
52
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Listed by: ANNA M BONACCI SLATER • RE/MAX NorthStar Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-487
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.