302 N Rose StNorthportMI49670
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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 Northport at 302 N Rose St, Northport, MI, 49670 priced at $685,000 pairs $2,728/mo rent with after a $3,353/mo payment. Total monthly income equals $2,728/mo. Return on cash invested is 10.53% in year one, and rental yield stands at 4.78% on a $685,000 basis. Equity gained on principal adds $4,420/yr, and 5% annual appreciation accumulates to $189,253 by year five. Five-year ROI measures 53.06% and total cumulative return in cash reaches $119,578. For financing, Ziffy Mortgage’s DSCR program evaluates $2,728/mo property income against a $3,353/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1873
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49670, Northport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,986 (100%) |
| Owner Occupied HU | 912 (45.9%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,003 (50.5%) |
| Median Home Value | $481,921 |
| Average Home Value | $650,211 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
100
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