3142 Quade HwyRogers CityMI49779
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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 Rogers City at 3142 Quade Hwy, Rogers City, MI, 49779 uses $79,560 cash to close to unlock $1,428/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,702/mo, and a $1,175/mo payment keeps the spread at $119/mo. Purchase price stands at $240,000, and rental yield measures 8.51% with $1,702/mo rent. Return on cash invested shows 21.7% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 112.99% and total cumulative return in cash records $89,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,702/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 2017
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49779, Rogers City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,753 (100%) |
| Owner Occupied HU | 1,871 (68.0%) |
| Renter Occupied HU | 384 (13.9%) |
| Vacant Housing Units | 498 (18.1%) |
| Median Home Value | $139,640 |
| Average Home Value | $191,639 |
Housing Distribution
Address Breakdown
Residential
2,337
Single Family
2,184
Multi-Family
153
Businesses
226
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Listed by: David L. Viegelahn • GREAT LAKES REALTY & APPR
Mls Name: WWMLS
Mls ID: #201838130