3014 E North Down River RdGraylingMI49738
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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 Grayling at 3014 E North Down River Rd, Grayling, MI, 49738 uses $62,952 cash to close to unlock $2,978/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $929/mo payment keeps the spread at $248/mo. Purchase price stands at $189,900, and rental yield measures 9.48% with $1,500/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 128.79% and total cumulative return in cash records $81,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $929/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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Listed by: Aaron Raymond • Century 21 Realty North Grayling
Mls Name: WWMLS
Mls Provider:
Mls ID: #201833720
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