48050 Harma RdAtlantic MineMI49905
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
Rental property for sale in Atlantic Mine at 48050 Harma Rd, Atlantic Mine, MI, 49905 generates $2,518/mo in rent, after a $2,227/mo payment. Total monthly income is $2,518/mo. Return on cash invested sits at 16.07% in year one, and rental yield is 6.64% on a $455,000 entry. Equity gained on principal adds $2,936/yr, while 5% annual appreciation builds toward $125,708 over five years. Five-year ROI reaches 82.79% and total cumulative return in cash sums $124,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,518/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
18.48 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CHRISTOPHER COPONEN • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50177579
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.