2347 E M Hwy #94Eben JunctionMI49825
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 2347 E M Hwy #94, Eben Junction, MI, 49825 in Eben Junction is priced for capital growth, not immediate cash flow. The $399,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $110,236 by year five, with $3,675/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Eben Junction market data in our database. Property projections are estimates.
Manufactured
Built in 2001
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49825, Eben Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 107 (100%) |
| Owner Occupied HU | 88 (82.2%) |
| Renter Occupied HU | 7 ( 6.5%) |
| Vacant Housing Units | 12 (11.2%) |
| Median Home Value | $266,667 |
| Average Home Value | $301,705 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 2001
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49825, Eben Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 107 (100%) |
| Owner Occupied HU | 88 (82.2%) |
| Renter Occupied HU | 7 ( 6.5%) |
| Vacant Housing Units | 12 (11.2%) |
| Median Home Value | $266,667 |
| Average Home Value | $301,705 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: RICK SCHWEMIN • GREAT LAKES & LAND OF MARQUETTE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179852
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