379 S Shore DrSuttons BayMI49682
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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 Suttons Bay at 379 S Shore Dr, Suttons Bay, MI, 49682 generates $3,217/mo in rent, after a $9,784/mo payment. Total monthly income is $3,217/mo. Return on cash invested sits at 1.91% in year one, and rental yield is 1.93% on a $1,999,000 entry. Equity gained on principal adds $12,899/yr, while 5% annual appreciation builds toward $552,287 over five years. Five-year ROI reaches 6.75% and total cumulative return in cash sums $43,709. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,217/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: Kyle Jean • EXIT Northern Shores-TC
Mls Name: NGLRMLS
Mls ID: #1936260