33243 E Alda DrDrummond 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 33243 E Alda Dr, Drummond Island, MI, 49726 uses $58,013 cash to close to unlock $4,782/yr annual cash flow and $399/mo monthly cash flow. Total monthly income runs $1,553/mo, and a $857/mo payment keeps the spread at $399/mo. Purchase price stands at $175,000, and rental yield measures 10.65% with $1,553/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 147.62% and total cumulative return in cash records $85,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,553/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1991
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: Suzanne Sasso Kuusinen • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #388-25-0047