421 S Shabwasung StNorthportMI49670
Nearby investment properties with comparable rents
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
Rental property for sale in Northport at 421 S Shabwasung St, Northport, MI, 49670 priced at $367,000 pairs $1,597/mo rent with after a $1,796/mo payment. Total monthly income equals $1,597/mo. Return on cash invested is 10.81% in year one, and rental yield stands at 5.22% on a $367,000 basis. Equity gained on principal adds $2,368/yr, and 5% annual appreciation accumulates to $101,395 by year five. Five-year ROI measures 54.96% and total cumulative return in cash reaches $66,863. For financing, Ziffy Mortgage’s DSCR program evaluates $1,597/mo property income against a $1,796/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
2,613 sqft lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49670, Northport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,986 (100%) |
| Owner Occupied HU | 912 (45.9%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,003 (50.5%) |
| Median Home Value | $481,921 |
| Average Home Value | $650,211 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
100
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Nearby investment properties with comparable prices
Listed by: Carly Petrucci • Coldwell Banker Schmidt-522
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922645
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.