432 N Black River RdOnawayMI49765
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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 Onaway at 432 N Black River Rd, Onaway, MI, 49765 offers a 5.34% rental yield on a $599,000 purchase with $2,666/mo rent. 24% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 62.22% and total cumulative return in cash at $122,614. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,666/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49765, Onaway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,656 (100%) |
| Owner Occupied HU | 1,496 (56.3%) |
| Renter Occupied HU | 251 ( 9.5%) |
| Vacant Housing Units | 909 (34.2%) |
| Median Home Value | $150,741 |
| Average Home Value | $208,453 |
Housing Distribution
Address Breakdown
Residential
1,782
Single Family
1,722
Multi-Family
60
Businesses
123
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