2731 Park DrMackinac IslandMI49757
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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 Mackinac Island at 2731 Park Dr, Mackinac Island, MI, 49757 earns from $1,213/mo rent with a $4,106/mo payment. Total monthly income totals $1,213/mo. ROI tracks 1.28% on current figures, and rental yield reads 1.73% at a $839,000 purchase. Equity gained on principal adds $5,414/yr, and 5% annual appreciation supports $231,800 over five years. Five-year ROI reaches 3.46% and total cumulative return in cash sums $9,540. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,213/mo property income instead of your personal income.
Single Family
Built in 2003
3,379 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49757, Mackinac Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 978 (100%) |
| Owner Occupied HU | 179 (18.3%) |
| Renter Occupied HU | 116 (11.9%) |
| Vacant Housing Units | 683 (69.8%) |
| Median Home Value | $602,273 |
| Average Home Value | $700,140 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
137
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Listed by: Tom Marx • Horizon Realty
Mls Name: EUPBR
Mls ID: #25-1012