4828 I RdBark RiverMI49807
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Bark River rentals match the income profile of 4828 I Rd, Bark River, MI, 49807. Listed at $210,000, gross rent is $2,894/mo and net cash flow is $1,510/mo, a 16.54% yield well above national averages. DSCR 3.07 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $58,019 by year five with $1,934/yr in annual principal reduction, projecting $177,127 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.5% | 7.0% |
| Monthly Cash Flow | $1,510 | $200 |
City averages based on Bark River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,894 |
| Total Monthly Debt Service | $1,301 |
| DSCR Ratio | 2.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1975
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49807, Bark River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,622 (100%) |
| Owner Occupied HU | 1,230 (75.8%) |
| Renter Occupied HU | 138 ( 8.5%) |
| Vacant Housing Units | 254 (15.7%) |
| Median Home Value | $187,500 |
| Average Home Value | $206,982 |
Housing Distribution
Address Breakdown
Residential
1,415
Single Family
1,385
Multi-Family
30
Businesses
48
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
Single Family
Built in 1975
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49807, Bark River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,622 (100%) |
| Owner Occupied HU | 1,230 (75.8%) |
| Renter Occupied HU | 138 ( 8.5%) |
| Vacant Housing Units | 254 (15.7%) |
| Median Home Value | $187,500 |
| Average Home Value | $206,982 |
Housing Distribution
Address Breakdown
Residential
1,415
Single Family
1,385
Multi-Family
30
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TIM GEORGE • NORTHERN MICHIGAN LAND BROKERS - ESCANABA
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50178117
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.