29565 E Ledy DrDrummond 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 29565 E Ledy Dr, Drummond Island, MI, 49726 offers a 23.02% rental yield on a $260,000 purchase with $4,988/mo rent. Total monthly income registers $4,988/mo, and a $1,273/mo payment leaves $3,273/mo available for distribution. Annual cash flow reaches $39,276/yr on $86,190 to close, and return on cash invested stands at 65.48% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 347.73% and total cumulative return in cash at $299,705. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,988/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
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: Kara Cloudman DePaul • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-24-0011