506 E Gulliver Lake RdGulliverMI49840
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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 Gulliver at 506 E Gulliver Lake Rd, Gulliver, MI, 49840 uses $127,628 cash to close to unlock $5,250/yr annual cash flow and $438/mo monthly cash flow. Total monthly income runs $2,976/mo, and a $1,884/mo payment keeps the spread at $438/mo. Purchase price stands at $385,000, and rental yield measures 9.28% with $2,976/mo rent. Return on cash invested shows 24.02% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 125.45% and total cumulative return in cash records $160,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,976/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Single Family
Built in 1976
3.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49840, Gulliver, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 364 (43.3%) |
| Renter Occupied HU | 22 ( 2.6%) |
| Vacant Housing Units | 454 (54.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,464 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
14
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Listed by: DELANEY ZELLAR • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50180842
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.