2788 N West Bay Shore DrSuttons BayMI49682
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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 Suttons Bay at 2788 N West Bay Shore Dr, Suttons Bay, MI, 49682 priced at $164,080 pairs $1,738/mo rent with $656/mo cash flow after a $803/mo payment. Total monthly income equals $1,738/mo, and annual cash flow comes to $7,873/yr on $54,393 invested. Return on cash invested is 34.38% in year one, and rental yield stands at 12.71% on a $164,080 basis. Equity gained on principal adds $1,059/yr, and 5% annual appreciation accumulates to $45,332 by year five. Five-year ROI measures 181.08% and total cumulative return in cash reaches $98,494. For financing, Ziffy Mortgage’s DSCR program evaluates $1,738/mo property income against a $803/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: N/A • N/A
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Mls ID: #N/A