35424 S Charles Rd, Drummond Island, MI, 49726 | 5.6% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Drummond Island at 35424 S Charles Rd, Drummond Island, MI, 49726 generates $6,048/mo in rent, after a $6,338/mo payment. Total monthly income is $6,048/mo. Return on cash invested sits at 13.24% in year one, and rental yield is 5.6% on a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation builds toward $357,785 over five years. Five-year ROI reaches 67.55% and total cumulative return in cash sums $283,434. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,048/mo property income rather than buyer’s personal income.

Single Family

Built in N/A

1.44 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49726, Drummond Island, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,575 (100%)
Owner Occupied HU	449 (28.5%)
Renter Occupied HU	53 ( 3.4%)
Vacant Housing Units	1,073 (68.1%)
Median Home Value	$238,934
Average Home Value	$276,765