285 N Lakeshore BlvdMarquetteMI49855
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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 Marquette at 285 N Lakeshore Blvd, Marquette, MI, 49855 with 5% annual appreciation on a $649,000 basis while $4,319/mo rent supports operations. Total monthly income totals $4,319/mo and a $3,177/mo payment preserves $39/mo for cash returns. Annual cash flow comes to $464/yr on $213,521 deployed, and return on cash invested reaches 20.28% in year one. Equity gained on principal adds $4,188/yr, and five-year appreciation sums $179,307 alongside rental yield of 7.99%. Five-year ROI measures 105.33% and total cumulative return in cash totals $224,892.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,319/mo property income versus a $3,177/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49855, Marquette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,232 (100%) |
| Owner Occupied HU | 8,720 (57.2%) |
| Renter Occupied HU | 5,149 (33.8%) |
| Vacant Housing Units | 1,363 ( 8.9%) |
| Median Home Value | $284,547 |
| Average Home Value | $337,597 |
Housing Distribution
Address Breakdown
Residential
14,635
Single Family
12,205
Multi-Family
2,430
Businesses
1,499
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Listed by: TRACY HENRIKSEN • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50155158
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.