341 Seward AveOntonagonMI49953
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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 Ontonagon at 341 Seward Ave, Ontonagon, MI, 49953 uses $53,040 cash to close to unlock $3,912/yr annual cash flow and $326/mo monthly cash flow. Total monthly income runs $1,423/mo, and a $783/mo payment keeps the spread at $326/mo. Purchase price stands at $160,000, and rental yield measures 10.67% with $1,423/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 143.26% and total cumulative return in cash records $75,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,423/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
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Listed by: TODD BORSETH • BORSETH PROPERTIES
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50148754
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.