4642 Main StOnekamaMI49675
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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 Onekama at 4642 Main St, Onekama, MI, 49675 offers $2,353/mo rent that, after a $5,873/mo payment. Total monthly income is $2,353/mo. Return on cash invested measures 3.21% in year one, and rental yield stands at 2.35% at a $1,200,000 entry. Equity gained on principal adds $7,743/yr while 5% annual appreciation compounds into $331,538 by year five. Five-year ROI records 13.73% and total cumulative return in cash reaches $53,387. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,353/mo property income versus a $5,873/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49675, Onekama, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 944 (100%) |
| Owner Occupied HU | 428 (45.3%) |
| Renter Occupied HU | 70 ( 7.4%) |
| Vacant Housing Units | 446 (47.2%) |
| Median Home Value | $307,407 |
| Average Home Value | $408,131 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
65
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