3244 18th RdRepublicMI49879
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 5 Bed
- 2 Bath
- 2765 sft
- 2 Bed
- - Bath
- 768 sft
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 Republic at 3244 18th Rd, Republic, MI, 49879 offers a 10.86% rental yield on a $269,900 purchase with $2,442/mo rent. Total monthly income registers $2,442/mo, and a $1,321/mo payment leaves $662/mo available for distribution. Annual cash flow reaches $7,946/yr on $89,472 to close, and return on cash invested stands at 28.79% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 151.03% and total cumulative return in cash at $135,126. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,442/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49879, Republic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 441 (45.5%) |
| Renter Occupied HU | 53 ( 5.5%) |
| Vacant Housing Units | 475 (49.0%) |
| Median Home Value | $173,661 |
| Average Home Value | $266,514 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
513
Multi-Family
32
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 5 Bed
- 2 Bath
- 2765 sft
- 2 Bed
- - Bath
- 768 sft
Listed by: SINDY JENSEN • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50116602
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.