5578 John StOnekamaMI49675
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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 Onekama at 5578 John St, Onekama, MI, 49675 listed at $289,000 pairs $2,237/mo rent with a $1,415/mo payment to leave $331/mo cash flow. Total monthly income runs $2,237/mo, and annual cash flow reaches $3,968/yr on $95,804 cash to close. Return on cash invested measures 24.05% in year one, and rental yield registers 9.29% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 125.58% and total cumulative return in cash totals $120,314. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,237/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49675, Onekama, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 944 (100%) |
| Owner Occupied HU | 428 (45.3%) |
| Renter Occupied HU | 70 ( 7.4%) |
| Vacant Housing Units | 446 (47.2%) |
| Median Home Value | $307,407 |
| Average Home Value | $408,131 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
65
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