2322 Longyear AveMarquetteMI49855
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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 Marquette at 2322 Longyear Ave, Marquette, MI, 49855 uses $75,914 cash to close to unlock $5,840/yr annual cash flow and $487/mo monthly cash flow. Total monthly income runs $1,997/mo, and a $1,121/mo payment keeps the spread at $487/mo. Purchase price stands at $229,000, and rental yield measures 10.46% with $1,997/mo rent. Return on cash invested shows 27.6% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 144.64% and total cumulative return in cash records $109,805. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,997/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49855, Marquette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,232 (100%) |
| Owner Occupied HU | 8,720 (57.2%) |
| Renter Occupied HU | 5,149 (33.8%) |
| Vacant Housing Units | 1,363 ( 8.9%) |
| Median Home Value | $284,547 |
| Average Home Value | $337,597 |
Housing Distribution
Address Breakdown
Residential
14,635
Single Family
12,205
Multi-Family
2,430
Businesses
1,499
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Listed by: MICHAEL CONNORS • CONNORS REALTY GROUP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50185887
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.