3115 Wright StMarquetteMI49855
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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 Marquette at 3115 Wright St, Marquette, MI, 49855 priced at $400,800 pairs $1,895/mo rent with after a $1,962/mo payment. Total monthly income equals $1,895/mo. Return on cash invested is 13.15% in year one, and rental yield stands at 5.67% on a $400,800 basis. Equity gained on principal adds $2,586/yr, and 5% annual appreciation accumulates to $110,734 by year five. Five-year ROI measures 67.13% and total cumulative return in cash reaches $89,199. For financing, Ziffy Mortgage’s DSCR program evaluates $1,895/mo property income against a $1,962/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1930
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49855, Marquette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,232 (100%) |
| Owner Occupied HU | 8,720 (57.2%) |
| Renter Occupied HU | 5,149 (33.8%) |
| Vacant Housing Units | 1,363 ( 8.9%) |
| Median Home Value | $284,547 |
| Average Home Value | $337,597 |
Housing Distribution
Address Breakdown
Residential
14,635
Single Family
12,205
Multi-Family
2,430
Businesses
1,499
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