31882 W State StTrout LakeMI49793
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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 Trout Lake at 31882 W State St, Trout Lake, MI, 49793 uses $34,808 cash to close to unlock $1,542/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $821/mo, and a $514/mo payment keeps the spread at $129/mo. Purchase price stands at $105,000, and rental yield measures 9.38% with $821/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 127.18% and total cumulative return in cash records $44,270. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $821/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1954
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49793, Trout Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 61 (26.5%) |
| Renter Occupied HU | 3 ( 1.3%) |
| Vacant Housing Units | 166 (72.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $183,525 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
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Listed by: Julie Lipnitz • Horizon Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-284
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.