35964 S Walding RdDrummond IslandMI49726
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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 Drummond Island at 35964 S Walding Rd, Drummond Island, MI, 49726 offers a 11.08% rental yield on a $232,100 purchase with $2,143/mo rent. Total monthly income registers $2,143/mo, and a $1,136/mo payment leaves $612/mo available for distribution. Annual cash flow reaches $7,349/yr on $76,941 to close, and return on cash invested stands at 29.46% in year one. Equity gained on principal adds $1,498/yr while 5% annual appreciation supports $64,125 over five years. Portfolio math shows five-year ROI at 154.63% and total cumulative return in cash at $118,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,143/mo property income against a $1,136/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
N/A 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 |
Housing Distribution
Address Breakdown
Residential
731
Single Family
731
Multi-Family
0
Businesses
55
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Listed by: N/A • N/A
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #388-25-0037