3093 E Midshipman DrAu GresMI48703
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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 Au Gres at 3093 E Midshipman Dr, Au Gres, MI, 48703 earns $233/mo cash flow from $1,350/mo rent with a $829/mo payment. Total monthly income totals $1,350/mo, and annual cash flow totals $2,798/yr on $56,123 capital. ROI tracks 24.89% on current figures, and rental yield reads 9.57% at a $169,300 purchase. Equity gained on principal adds $1,092/yr, and 5% annual appreciation supports $46,774 over five years. Five-year ROI reaches 130.18% and total cumulative return in cash sums $73,061. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,350/mo property income instead of your personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48703, Au Gres, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,923 (100%) |
| Owner Occupied HU | 1,325 (45.3%) |
| Renter Occupied HU | 216 ( 7.4%) |
| Vacant Housing Units | 1,382 (47.3%) |
| Median Home Value | $204,223 |
| Average Home Value | $248,306 |
Housing Distribution
Address Breakdown
Residential
1,588
Single Family
1,528
Multi-Family
60
Businesses
108
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