405 Cedar StElk RapidsMI49629
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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 Elk Rapids at 405 Cedar St, Elk Rapids, MI, 49629 at $550,000 posts ROI 10.36% with from $2,164/mo rent. Total monthly income equals $2,164/mo. Return on cash invested measures 10.36% and rental yield reads 4.72% at the current $550,000. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 by year five. Five-year ROI prints 52.12% and total cumulative return in cash totals $94,306. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,164/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49629, Elk Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 899 (52.6%) |
| Renter Occupied HU | 151 ( 8.8%) |
| Vacant Housing Units | 658 (38.5%) |
| Median Home Value | $372,701 |
| Average Home Value | $458,910 |
Housing Distribution
Address Breakdown
Residential
1,157
Single Family
1,026
Multi-Family
131
Businesses
247
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Nearby investment properties with comparable prices
Listed by: Kellie Sergent • Century 21 Northland-Elk Rapids
Mls Name: NGLRMLS
Mls ID: #1938783