26389 McDonough RdBeaver IslandMI49782
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 26389 McDonough Rd, Beaver Island, MI, 49782 in Beaver Island: $1,991/mo in rent, $342/mo in net income, 9.56% gross yield, 1.77 DSCR, all at $250,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $69,070 in appreciation and $2,303/yr in principal paydown projects total cumulative return of $117,277.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.2% |
| Monthly Cash Flow | $342 | $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 | $1,991 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 1.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1982
N/A 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
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 1982
N/A 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
Listed by: Ed Wojan • Ed Wojan Realty
Mls Name: Northern Michigan MLS
Mls ID: #477704