3417 2nd StStandishMI48658
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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
Rental property for sale in Standish at 3417 2nd St, Standish, MI, 48658 generates $810/mo in rent and, after a $514/mo payment, leaves $118/mo in cash flow. Total monthly income is $810/mo, and annual cash flow is $1,410/yr on $34,808 invested. Return on cash invested sits at 23.96% in year one, and rental yield is 9.26% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 125.15% and total cumulative return in cash sums $43,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $810/mo property income rather than buyer’s personal income.
Manufactured
Built in N/A
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48658, Standish, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,527 (100%) |
| Owner Occupied HU | 1,649 (65.3%) |
| Renter Occupied HU | 472 (18.7%) |
| Vacant Housing Units | 406 (16.1%) |
| Median Home Value | $135,972 |
| Average Home Value | $163,014 |
Housing Distribution
Address Breakdown
Residential
2,119
Single Family
1,956
Multi-Family
163
Businesses
272
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Listed by: Laura Corpe • KW Northern Michigan Team Partners
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832720
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