2500 N Mork RdSuttons BayMI49682
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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 Suttons Bay at 2500 N Mork Rd, Suttons Bay, MI, 49682 generates $4,368/mo in rent, after a $4,160/mo payment. Total monthly income is $4,368/mo. Return on cash invested sits at 14.75% in year one, and rental yield is 6.17% on a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 75.68% and total cumulative return in cash sums $211,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,368/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
16.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: T. J. Shimek • The Mitten Real Estate Group
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933593
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.