3465 K RdBark RiverMI49807
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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 Bark River at 3465 K Rd, Bark River, MI, 49807 listed at $217,500 pairs $2,053/mo rent with a $1,065/mo payment to leave $618/mo cash flow. Total monthly income runs $2,053/mo, and annual cash flow reaches $7,419/yr on $72,101 cash to close. Return on cash invested measures 30.2% in year one, and rental yield registers 11.33% at a $217,500 basis. Equity gained on principal adds $1,403/yr, and annual property appreciation at 5% supports $60,091 by year five. Five-year ROI tracks 158.6% and total cumulative return in cash totals $114,354. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,053/mo property income relative to a $1,065/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1998
7.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49807, Bark River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,622 (100%) |
| Owner Occupied HU | 1,230 (75.8%) |
| Renter Occupied HU | 138 ( 8.5%) |
| Vacant Housing Units | 254 (15.7%) |
| Median Home Value | $187,500 |
| Average Home Value | $206,982 |
Housing Distribution
Address Breakdown
Residential
1,415
Single Family
1,385
Multi-Family
30
Businesses
48
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Listed by: JUDITH OWENS • STATE WIDE REAL ESTATE OF ESCANABA
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50184789
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