28430 E Somes 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 28430 E Somes Rd, Drummond Island, MI, 49726 listed at $349,000 pairs $2,741/mo rent with a $1,708/mo payment to leave $440/mo cash flow. Total monthly income runs $2,741/mo, and annual cash flow reaches $5,276/yr on $115,694 cash to close. Return on cash invested measures 24.47% in year one, and rental yield registers 9.42% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 127.83% and total cumulative return in cash totals $147,888. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,741/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
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: Becky Newell • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-24-0038