304 E Lincoln StNegauneeMI49866
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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 Negaunee at 304 E Lincoln St, Negaunee, MI, 49866 priced at $235,000 converts $2,102/mo rent into $553/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,102/mo, and annual cash flow totals $6,630/yr on $77,903 invested. Return on cash invested prints 28.42% in year one, and rental yield reads 10.73% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 149.05% and total cumulative return in cash sums $116,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,102/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1880
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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Listed by: KINGSLEY AGASSI • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176138
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.