4889 E Maple Ridge 37th RdRapid RiverMI49880
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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
Investment property for sale in Rapid River at 4889 E Maple Ridge 37th Rd, Rapid River, MI, 49880 listed at $318,000 pairs $1,150/mo rent with a $1,556/mo payment. Total monthly income runs $1,150/mo. Return on cash invested measures 9.13% in year one, and rental yield registers 4.34% at a $318,000 basis. Equity gained on principal adds $2,052/yr, and annual property appreciation at 5% supports $87,858 by year five. Five-year ROI tracks 45.61% and total cumulative return in cash totals $48,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,150/mo property income relative to a $1,556/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
191.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49880, Rock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 773 (100%) |
| Owner Occupied HU | 467 (60.4%) |
| Renter Occupied HU | 24 ( 3.1%) |
| Vacant Housing Units | 282 (36.5%) |
| Median Home Value | $175,750 |
| Average Home Value | $209,234 |
Housing Distribution
Address Breakdown
Residential
435
Single Family
435
Multi-Family
0
Businesses
19
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Listed by: DAVE WOOD • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50152846
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.