27470 Us Highway 41MichigammeMI49861
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
Investment Highlights
Investment property for sale in Michigamme at 27470 Us Highway 41, Michigamme, MI, 49861 offers a 8.56% rental yield on a $185,000 purchase with $1,319/mo rent. Total monthly income registers $1,319/mo, and a $905/mo payment leaves $100/mo available for distribution. Annual cash flow reaches $1,194/yr on $61,328 to close, and return on cash invested stands at 21.86% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 113.85% and total cumulative return in cash at $69,819. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,319/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49861, Michigamme, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,371 (100%) |
| Owner Occupied HU | 466 (34.0%) |
| Renter Occupied HU | 49 ( 3.6%) |
| Vacant Housing Units | 856 (62.4%) |
| Median Home Value | $206,034 |
| Average Home Value | $245,445 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TIM KEOHANE • GREAT LAKES & LAND OF MARQUETTE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50185589
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.