44977 11th AveAtlantic MineMI49905
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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 Atlantic Mine at 44977 11th Ave, Atlantic Mine, MI, 49905 offers a 9.61% rental yield on a $114,900 purchase with $920/mo rent. Total monthly income registers $920/mo, and a $562/mo payment leaves $163/mo available for distribution. Annual cash flow reaches $1,952/yr on $38,089 to close, and return on cash invested stands at 25.03% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 130.91% and total cumulative return in cash at $49,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $920/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49905, Atlantic Mine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,064 (100%) |
| Owner Occupied HU | 759 (71.3%) |
| Renter Occupied HU | 112 (10.5%) |
| Vacant Housing Units | 193 (18.1%) |
| Median Home Value | $233,056 |
| Average Home Value | $237,227 |
Housing Distribution
Address Breakdown
Residential
667
Single Family
667
Multi-Family
0
Businesses
21
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Listed by: JULIE WAARA • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50197434