571 N 3rd StRogers CityMI49779
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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 Rogers City at 571 N 3rd St, Rogers City, MI, 49779 offers a 8.6% rental yield on a $225,000 purchase with $1,612/mo rent. Total monthly income registers $1,612/mo, and a $1,101/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,542/yr on $74,588 to close, and return on cash invested stands at 21.98% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 114.48% and total cumulative return in cash at $85,389. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,612/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49779, Rogers City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,753 (100%) |
| Owner Occupied HU | 1,871 (68.0%) |
| Renter Occupied HU | 384 (13.9%) |
| Vacant Housing Units | 498 (18.1%) |
| Median Home Value | $139,640 |
| Average Home Value | $191,639 |
Housing Distribution
Address Breakdown
Residential
2,337
Single Family
2,184
Multi-Family
153
Businesses
226
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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