510 S Mackinac LnGwinnMI49841
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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
Rental property for sale in Gwinn at 510 S Mackinac Ln, Gwinn, MI, 49841 priced at $259,000 pairs $1,236/mo rent with after a $1,268/mo payment. Total monthly income equals $1,236/mo. Return on cash invested is 13.31% in year one, and rental yield stands at 5.73% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 67.97% and total cumulative return in cash reaches $58,360. For financing, Ziffy Mortgage’s DSCR program evaluates $1,236/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1993
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49841, Gwinn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,101 (100%) |
| Owner Occupied HU | 2,051 (50.0%) |
| Renter Occupied HU | 1,197 (29.2%) |
| Vacant Housing Units | 853 (20.8%) |
| Median Home Value | $200,129 |
| Average Home Value | $233,729 |
Housing Distribution
Address Breakdown
Residential
2,917
Single Family
2,861
Multi-Family
56
Businesses
157
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Listed by: BRIAN OLSON • NORTHERN MICHIGAN LAND BROKERS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175845
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.