420 N 4th 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 420 N 4th St, Rogers City, MI, 49779 uses $51,051 cash to close to unlock $1,730/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $1,160/mo, and a $754/mo payment keeps the spread at $144/mo. Purchase price stands at $154,000, and rental yield measures 9.04% with $1,160/mo rent. Return on cash invested shows 23.3% in year one, and 5% annual appreciation builds toward $42,547 over five years. Five-year ROI reaches 121.65% and total cumulative return in cash records $62,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,160/mo property income covering a $754/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,500 sqft 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: William J. Hanson • Real Estate One Of Presque Isle
Mls Name: WWMLS
Mls ID: #201838576