29565 E Ledy DrDrummond IslandMI49726
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 29565 E Ledy Dr, Drummond Island, MI, 49726 in Drummond Island hard to pass up. The 23.02% gross yield on a $260,000 purchase results in $4,988/mo in rent and $3,274/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.27). Annual cash flow of $39,286, five-year appreciation of $71,833, and $2,395/yr in equity build-up combine for a projected total cumulative return of $309,693.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23% | 7.0% |
| Monthly Cash Flow | $3,274 | $450 |
City averages based on Drummond Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,988 |
| Total Monthly Debt Service | $1,611 |
| DSCR Ratio | 3.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices