42210 Willson Memorial DrChassellMI49916
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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 Chassell at 42210 Willson Memorial Dr, Chassell, MI, 49916 uses $75,914 cash to close to unlock $428/yr annual cash flow and $36/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $1,121/mo payment keeps the spread at $36/mo. Purchase price stands at $229,000, and rental yield measures 8.1% with $1,546/mo rent. Return on cash invested shows 20.47% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 106.41% and total cumulative return in cash records $80,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1908
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49916, Chassell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,667 (100%) |
| Owner Occupied HU | 1,072 (64.3%) |
| Renter Occupied HU | 179 (10.7%) |
| Vacant Housing Units | 416 (25.0%) |
| Median Home Value | $244,922 |
| Average Home Value | $274,466 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
974
Multi-Family
30
Businesses
51
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Listed by: KRISTINE WEIDNER (JUKURI) • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50166134
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