5396 W Eleven Mile RdDafterMI49724
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Dafter at 5396 W Eleven Mile Rd, Dafter, MI, 49724 at $260,000 posts ROI 24.99% with $365/mo cash flow from $2,080/mo rent. Total monthly income equals $2,080/mo, and annual cash flow records $4,380/yr on $86,190 to close. Return on cash invested measures 24.99% and rental yield reads 9.6% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 130.62% and total cumulative return in cash totals $112,577.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,080/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Logan Gunckel • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-223
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.