320 W Ridge 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
Investment property for sale in Marquette at 320 W Ridge St, Marquette, MI, 49855 uses $96,102 cash to close to unlock $6,158/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $2,425/mo, and a $1,419/mo payment keeps the spread at $513/mo. Purchase price stands at $289,900, and rental yield measures 10.04% with $2,425/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 137.79% and total cumulative return in cash records $132,417. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,425/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Multi Family
Built in 1890
0.26 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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Listed by: NICK RACINE • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169117
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.