30093 E Side DrBeaver IslandMI49782
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 30093 E Side Dr, Beaver Island, MI, 49782 in Beaver Island at $149,000 earns $1,165/mo in rent and nets $182/mo after the $670/mo payment, a 9.38% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,166 over five years. Ziffy Mortgage underwrites this on a 1.74 DSCR without U.S. credit history. With $1,372/yr in principal paydown, total projected return reaches $68,524.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $182 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,165 |
| Total Monthly Debt Service | $923 |
| DSCR Ratio | 1.26x |
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 2017
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49782, Beaver Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 246 (26.5%) |
| Renter Occupied HU | 34 ( 3.7%) |
| Vacant Housing Units | 647 (69.8%) |
| Median Home Value | $373,585 |
| Average Home Value | $436,707 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
26
Multi-Family
7
Businesses
59
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 2017
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49782, Beaver Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 927 (100%) |
| Owner Occupied HU | 246 (26.5%) |
| Renter Occupied HU | 34 ( 3.7%) |
| Vacant Housing Units | 647 (69.8%) |
| Median Home Value | $373,585 |
| Average Home Value | $436,707 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
26
Multi-Family
7
Businesses
59
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Ed Wojan • Ed Wojan Realty
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474373
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.