29606 W Superior DunesGrand MaraisMI49839
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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
Rental property for sale in Grand Marais at 29606 W Superior Dunes, Grand Marais, MI, 49839 generates $4,931/mo in rent, after a $7,317/mo payment. Total monthly income is $4,931/mo. Return on cash invested sits at 8.16% in year one, and rental yield is 3.96% on a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 40.3% and total cumulative return in cash sums $195,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,931/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49839, Grand Marais, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 204 (28.6%) |
| Renter Occupied HU | 25 ( 3.5%) |
| Vacant Housing Units | 485 (67.9%) |
| Median Home Value | $206,250 |
| Average Home Value | $222,843 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Listed by: Brad Rellinger • Harbor Sothebys International Realty
Mls Name: Northern Michigan MLS
Mls ID: #478363