3698 Little Island DrNational CityMI48748
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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 National City at 3698 Little Island Dr, National City, MI, 48748 generates $1,241/mo in rent, after a $1,713/mo payment. Total monthly income is $1,241/mo. Return on cash invested sits at 8.87% in year one, and rental yield is 4.26% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 44.21% and total cumulative return in cash sums $51,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,241/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48748, National City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,925 (100%) |
| Owner Occupied HU | 763 (39.6%) |
| Renter Occupied HU | 84 ( 4.4%) |
| Vacant Housing Units | 1,078 (56.0%) |
| Median Home Value | $194,477 |
| Average Home Value | $231,294 |
Housing Distribution
Address Breakdown
Residential
1,041
Single Family
1,041
Multi-Family
0
Businesses
20
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Listed by: Justin S Villaire • NextHome Great Lakes Realty
Mls Name: Realcomp II
Mls ID: #20251018810