30126 E Bill Robinson DrDrummond IslandMI49726
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
Investment Highlights
Investment property for sale in Drummond Island at 30126 E Bill Robinson Dr, Drummond Island, MI, 49726 listed at $279,000 pairs $2,069/mo rent with a $1,366/mo payment to leave $229/mo cash flow. Total monthly income runs $2,069/mo, and annual cash flow reaches $2,744/yr on $92,489 cash to close. Return on cash invested measures 22.88% in year one, and rental yield registers 8.9% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 119.28% and total cumulative return in cash totals $110,323. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,069/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
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
Listed by: Rebecca • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-25-0043