23689 E Zeerip DrDrummond IslandMI49726
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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 Drummond Island at 23689 E Zeerip Dr, Drummond Island, MI, 49726 generates $1,991/mo in rent, after a $1,591/mo payment. Total monthly income is $1,991/mo. Return on cash invested sits at 18.21% in year one, and rental yield is 7.35% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 94.29% and total cumulative return in cash sums $101,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,991/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49726, Drummond Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,575 (100%) |
| Owner Occupied HU | 449 (28.5%) |
| Renter Occupied HU | 53 ( 3.4%) |
| Vacant Housing Units | 1,073 (68.1%) |
| Median Home Value | $238,934 |
| Average Home Value | $276,765 |
Housing Distribution
Address Breakdown
Residential
731
Single Family
731
Multi-Family
0
Businesses
55
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Listed by: Galen Terry • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-23-0059