48 2nd StSouth RangeMI49963
Nearby investment properties with comparable rents
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
Investment property for sale in South Range at 48 2nd St, South Range, MI, 49963 offers a 11.92% rental yield on a $150,000 purchase with $1,490/mo rent. Total monthly income registers $1,490/mo, and a $734/mo payment leaves $501/mo available for distribution. Annual cash flow reaches $6,012/yr on $49,725 to close, and return on cash invested stands at 32% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 168.19% and total cumulative return in cash at $83,634. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,490/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49963, South Range, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 376 (100%) |
| Owner Occupied HU | 257 (68.4%) |
| Renter Occupied HU | 64 (17.0%) |
| Vacant Housing Units | 55 (14.6%) |
| Median Home Value | $116,204 |
| Average Home Value | $155,973 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
38
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CRAIG KANGAS • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50187742