3450 W Eleven Mile RdDafterMI49724
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Dafter at 3450 W Eleven Mile Rd, Dafter, MI, 49724 offers $3,635/mo rent that, after a $2,043/mo payment, leaves $882/mo cash flow. Total monthly income is $3,635/mo, and annual cash flow is $10,587/yr on $138,401 cash. Return on cash invested measures 27.56% in year one, and rental yield stands at 10.45% at a $417,500 entry. Equity gained on principal adds $2,694/yr while 5% annual appreciation compounds into $115,348 by year five. Five-year ROI records 144.41% and total cumulative return in cash reaches $199,862. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,635/mo property income versus a $2,043/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
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Nearby investment properties with comparable prices
Listed by: Carly B. Woods • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-875
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.