4881 E Grand Lake RdPresque IsleMI49777
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 4881 E Grand Lake Rd, Presque Isle, MI, 49777 in Presque Isle. Rental yield 6.32%. The 1.17 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $203,067 and $6,769/yr in principal reduction project total return of $217,283.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.3% | 8.0% |
| Monthly Cash Flow | $(975) | $850 |
City averages based on Presque Isle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,872 |
| Total Monthly Debt Service | $4,555 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
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 N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Stephan • Real Estate One of Alpena
Mls Name: WWMLS
Mls ID: #201836668