3395 Number 6 RdMohawkMI49950
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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 Mohawk at 3395 Number 6 Rd, Mohawk, MI, 49950 offers a 4.49% rental yield on a $674,900 purchase with $2,526/mo rent. 66% in year one. Equity gained on principal adds $4,355/yr while 5% annual appreciation supports $186,462 over five years. Portfolio math shows five-year ROI at 48.39% and total cumulative return in cash at $107,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,526/mo property income against a $3,303/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
15.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49950, Mohawk, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,498 (100%) |
| Owner Occupied HU | 496 (33.1%) |
| Renter Occupied HU | 66 ( 4.4%) |
| Vacant Housing Units | 936 (62.5%) |
| Median Home Value | $175,962 |
| Average Home Value | $250,680 |
Housing Distribution
Address Breakdown
Residential
554
Single Family
554
Multi-Family
0
Businesses
40
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Listed by: KELSEY EDDLEMAN • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50148357
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