32377 E Timber TrlDrummond islandMI49726
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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 Drummond island at 32377 E Timber Trl, Drummond island, MI, 49726 uses $105,749 cash to close to unlock $2,564/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $2,317/mo, and a $1,561/mo payment keeps the spread at $214/mo. Purchase price stands at $319,000, and rental yield measures 8.72% with $2,317/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 116.38% and total cumulative return in cash records $123,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,317/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49726, Drummond Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,575 (100%) |
| Owner Occupied HU | 449 (28.5%) |
| Renter Occupied HU | 53 ( 3.4%) |
| Vacant Housing Units | 1,073 (68.1%) |
| Median Home Value | $238,934 |
| Average Home Value | $276,765 |
Housing Distribution
Address Breakdown
Residential
731
Single Family
731
Multi-Family
0
Businesses
55
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Listed by: Billy Borst • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-25-0065