53 Johnson Lake RdGwinnMI49841
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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 Gwinn at 53 Johnson Lake Rd, Gwinn, MI, 49841 listed at $223,900 pairs $3,010/mo rent with a $1,096/mo payment to leave $1,533/mo cash flow. Total monthly income runs $3,010/mo, and annual cash flow reaches $18,400/yr on $74,223 cash to close. Return on cash invested measures 44.7% in year one, and rental yield registers 16.13% at a $223,900 basis. Equity gained on principal adds $1,445/yr, and annual property appreciation at 5% supports $61,859 by year five. Five-year ROI tracks 236.34% and total cumulative return in cash totals $175,416. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,010/mo property income relative to a $1,096/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.53 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: THERESA HUNTER • SELECT REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50146626
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.