26330 Back HwyBeaver IslandMI49782
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 26330 Back Hwy, Beaver Island, MI, 49782 in Beaver Island. Rental yield 6.68%. The 1.24 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $151,955 and $5,066/yr in principal reduction project total return of $173,034.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.2% |
| Monthly Cash Flow | $(567) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,060 |
| Total Monthly Debt Service | $3,408 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1966
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49782, Beaver Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 246 (26.5%) |
| Renter Occupied HU | 34 ( 3.7%) |
| Vacant Housing Units | 647 (69.8%) |
| Median Home Value | $373,585 |
| Average Home Value | $436,707 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
26
Multi-Family
7
Businesses
59
Nearby investment properties with comparable rents
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
Single Family
Built in 1966
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49782, Beaver Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 246 (26.5%) |
| Renter Occupied HU | 34 ( 3.7%) |
| Vacant Housing Units | 647 (69.8%) |
| Median Home Value | $373,585 |
| Average Home Value | $436,707 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
26
Multi-Family
7
Businesses
59
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather K Robinson-Sleutel • Bay North Realty Co.
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476241
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.