4881 E Grand Lake RdPresque IsleMI49777
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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
Total monthly income runs $3,522/mo, and a $3,597/mo payment. Purchase price stands at $735,000, and rental yield measures 5.75% with $3,522/mo rent. Return on cash invested shows 13.49% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 68.91% and total cumulative return in cash records $166,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,522/mo property income covering a $3,597/mo payment rather than investor’s personal income.
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
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Listed by: Lori Stephan • Real Estate One of Alpena
Mls Name: WWMLS
Mls ID: #201836668