5371 Cedar Wood RdPresque IsleMI49777
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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 Presque Isle at 5371 Cedar Wood Rd, Presque Isle, MI, 49777 offers a 4.24% rental yield on a $799,999 purchase with $2,825/mo rent. 89% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,025 over five years. Portfolio math shows five-year ROI at 44.22% and total cumulative return in cash at $116,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,825/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
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Listed by: Paul A Momrik • CENTURY 21 NORTHLAND of ALPENA
Mls Name: WWMLS
Mls ID: #201836104