516 Gitchegumee DrBuckleyMI49620
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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 Buckley at 516 Gitchegumee Dr, Buckley, MI, 49620 generates $4,124/mo in rent and, after a $2,912/mo payment, leaves $188/mo in cash flow. Total monthly income is $4,124/mo, and annual cash flow is $2,256/yr on $195,755 invested. Return on cash invested sits at 21.21% in year one, and rental yield is 8.32% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 110.35% and total cumulative return in cash sums $216,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,124/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.47 Acres lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49620, Buckley, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,181 (100%) |
| Owner Occupied HU | 933 (79.0%) |
| Renter Occupied HU | 139 (11.8%) |
| Vacant Housing Units | 109 ( 9.2%) |
| Median Home Value | $256,773 |
| Average Home Value | $295,761 |
Housing Distribution
Address Breakdown
Residential
1,020
Single Family
1,020
Multi-Family
0
Businesses
57
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Listed by: Matthew Dakoske • REMAX Bayshore - Union St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924454
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.