26895 E Channel RdDrummond 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
Investment property for sale in Drummond Island at 26895 E Channel Rd, Drummond Island, MI, 49726 offers a 6.83% rental yield on a $475,000 purchase with $2,704/mo rent. 64% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 85.88% and total cumulative return in cash at $135,223. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,704/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
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: #388-25-0041