2890 E Us Highway 23CheboyganMI49721
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 Cheboygan at 2890 E Us Highway 23, Cheboygan, MI, 49721 earns from $2,640/mo rent with a $3,666/mo payment. Total monthly income totals $2,640/mo. ROI tracks 8.86% on current figures, and rental yield reads 4.23% at a $749,000 purchase. Equity gained on principal adds $4,833/yr, and 5% annual appreciation supports $206,935 over five years. Five-year ROI reaches 44.11% and total cumulative return in cash sums $108,688. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in N/A
2.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49721, Cheboygan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 5,139 (56.9%) |
| Renter Occupied HU | 1,234 (13.7%) |
| Vacant Housing Units | 2,655 (29.4%) |
| Median Home Value | $222,067 |
| Average Home Value | $297,208 |
Housing Distribution
Address Breakdown
Residential
7,068
Single Family
6,759
Multi-Family
309
Businesses
534
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices