331 E Chocolay StMunisingMI49862
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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 Munising at 331 E Chocolay St, Munising, MI, 49862 with 5% annual appreciation on a $224,900 basis while $1,895/mo rent supports operations. Total monthly income totals $1,895/mo and a $1,101/mo payment preserves $412/mo for cash returns. Annual cash flow comes to $4,940/yr on $74,554 deployed, and return on cash invested reaches 26.54% in year one. Equity gained on principal adds $1,451/yr, and five-year appreciation sums $62,136 alongside rental yield of 10.11%. Five-year ROI measures 138.92% and total cumulative return in cash totals $103,573.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,895/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49862, Munising, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,371 (55.2%) |
| Renter Occupied HU | 343 (13.8%) |
| Vacant Housing Units | 769 (31.0%) |
| Median Home Value | $173,115 |
| Average Home Value | $218,115 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,658
Multi-Family
144
Businesses
217
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