38864 S McKenzie Point RdDrummond IslandMI49726
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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 38864 S McKenzie Point Rd, Drummond Island, MI, 49726 offers a 0% rental yield on a $159,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2001
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Becky Newell • Drummond Island Realty
Mls Name: RMLS Multi-List
Mls ID: #388-25-0040