46882 Naumkeg StAtlantic 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 46882 Naumkeg St, Atlantic Mine, MI, 49905 uses $39,449 cash to close to unlock $1,904/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $943/mo, and a $582/mo payment keeps the spread at $159/mo. Purchase price stands at $119,000, and rental yield measures 9.51% with $943/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 129.3% and total cumulative return in cash records $51,005. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $943/mo property income covering a $582/mo payment rather than investor’s personal income.
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: KRISTINE WEIDNER (JUKURI) • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls ID: #50188844