2951 N Palmer RdOnawayMI49765
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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 Onaway at 2951 N Palmer Rd, Onaway, MI, 49765 uses $82,875 cash to close to unlock $2,628/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $1,868/mo, and a $1,224/mo payment keeps the spread at $219/mo. Purchase price stands at $250,000, and rental yield measures 8.97% with $1,868/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 120.37% and total cumulative return in cash records $99,754. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,868/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1974
16.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49765, Onaway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,656 (100%) |
| Owner Occupied HU | 1,496 (56.3%) |
| Renter Occupied HU | 251 ( 9.5%) |
| Vacant Housing Units | 909 (34.2%) |
| Median Home Value | $150,741 |
| Average Home Value | $208,453 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,722
Multi-Family
60
Businesses
123
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Listed by: Mark Ellis • Real Estate One Port Huron
Mls Name: WWMLS
Mls Provider:
Mls ID: #201835904
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