2767 Port Austin RdPort AustinMI48467
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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
Rental property for sale in Port Austin at 2767 Port Austin Rd, Port Austin, MI, 48467 priced at $286,600 converts $1,669/mo rent into after a $1,403/mo obligation. Total monthly income equals $1,669/mo. Return on cash invested prints 17.11% in year one, and rental yield reads 6.99% against a $286,600 entry. Equity gained on principal adds $1,849/yr, while 5% annual appreciation compiles into $79,182 by year five. Five-year ROI reaches 88.38% and total cumulative return in cash sums $83,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,669/mo property income covering a $1,403/mo payment, not borrower’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: N/A • N/A
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #040-25-0022