2368 N Palmer RdOnawayMI49765
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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
Rental property for sale in Onaway at 2368 N Palmer Rd, Onaway, MI, 49765 generates $1,475/mo in rent and, after a $925/mo payment, leaves $229/mo in cash flow. Total monthly income is $1,475/mo, and annual cash flow is $2,744/yr on $62,654 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 9.37% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 126.89% and total cumulative return in cash sums $79,498. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,475/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49765, Onaway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,656 (100%) |
| Owner Occupied HU | 1,496 (56.3%) |
| Renter Occupied HU | 251 ( 9.5%) |
| Vacant Housing Units | 909 (34.2%) |
| Median Home Value | $150,741 |
| Average Home Value | $208,453 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,722
Multi-Family
60
Businesses
123
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