4772 Cannon StWatersmeetMI49969
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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 Watersmeet at 4772 Cannon St, Watersmeet, MI, 49969 at $139,000 posts ROI 41.36% with $824/mo cash flow from $1,740/mo rent. Total monthly income equals $1,740/mo, and annual cash flow records $9,884/yr on $46,079 to close. Return on cash invested measures 41.36% and rental yield reads 15.02% at the current $139,000. Equity gained on principal adds $897/yr, and 5% annual appreciation supports $38,403 by year five. Five-year ROI prints 218.44% and total cumulative return in cash totals $100,652.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,740/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49969, Watersmeet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 575 (35.5%) |
| Renter Occupied HU | 113 ( 7.0%) |
| Vacant Housing Units | 933 (57.6%) |
| Median Home Value | $314,583 |
| Average Home Value | $403,917 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
307
Multi-Family
3
Businesses
48
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Listed by: GARY GOSKA • ELIASON REALTY - LAND O LAKES
Mls Name: GNMLS
Mls Provider:
Mls ID: #207656
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.