410 S 3rd StRogers CityMI49779
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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 Rogers City at 410 S 3rd St, Rogers City, MI, 49779 listed at $155,000 pairs $895/mo rent with a $759/mo payment. Total monthly income runs $895/mo. Return on cash invested measures 16.93% in year one, and rental yield registers 6.93% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 87.45% and total cumulative return in cash totals $44,932. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $895/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49779, Rogers City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,753 (100%) |
| Owner Occupied HU | 1,871 (68.0%) |
| Renter Occupied HU | 384 (13.9%) |
| Vacant Housing Units | 498 (18.1%) |
| Median Home Value | $139,640 |
| Average Home Value | $191,639 |
Housing Distribution
Address Breakdown
Residential
2,337
Single Family
2,184
Multi-Family
153
Businesses
226
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Listed by: Tiffiny Yarch • Real Estate One Of Presque Isle
Mls Name: WWMLS
Mls ID: #201838262