3119 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
Rental property for sale in Au Gres at 3119 E Midshipman Dr, Au Gres, MI, 48703 priced at $169,500 converts $1,292/mo rent into after a $830/mo obligation. Total monthly income equals $1,292/mo. Return on cash invested prints 18.57% in year one, and rental yield reads 9.15% against a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation compiles into $46,830 by year five. Five-year ROI reaches 98.08% and total cumulative return in cash sums $55,112. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,292/mo property income covering a $830/mo payment, not borrower’s personal income.
Condo
Built in 1994
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: #1930714
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.