320 W Peck StNegauneeMI49866
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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 Negaunee at 320 W Peck St, Negaunee, MI, 49866 priced at $230,000 converts $1,673/mo rent into $156/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,673/mo, and annual cash flow totals $1,872/yr on $76,245 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 8.73% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 116.54% and total cumulative return in cash sums $88,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,673/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Multi Family
Built in 1890
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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