3097 E Midshipman DrAu GresMI48703
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
Rental property for sale in Au Gres at 3097 E Midshipman Dr, Au Gres, MI, 48703 priced at $128,000 pairs $1,680/mo rent with $549/mo cash flow after a $627/mo payment. Total monthly income equals $1,680/mo, and annual cash flow comes to $6,585/yr on $42,432 invested. Return on cash invested is 35.43% in year one, and rental yield stands at 15.75% on a $128,000 basis. Equity gained on principal adds $826/yr, and 5% annual appreciation accumulates to $35,364 by year five. Five-year ROI measures 189.59% and total cumulative return in cash reaches $80,447. For financing, Ziffy Mortgage’s DSCR program evaluates $1,680/mo property income against a $627/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
$2,840 annually 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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Listed by: MARY DURUSSEL • ARENAC REALTY CO., PETE STANLEY & ASSOCIATES
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933482
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.