57416 Calumet AveCalumetMI49913
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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 Calumet at 57416 Calumet Ave, Calumet, MI, 49913 uses $96,102 cash to close to unlock $32,090/yr annual cash flow and $2,674/mo monthly cash flow. Total monthly income runs $4,586/mo, and a $1,419/mo payment keeps the spread at $2,674/mo. Purchase price stands at $289,900, and rental yield measures 18.98% with $4,586/mo rent. Return on cash invested shows 53.3% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 282.5% and total cumulative return in cash records $271,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,586/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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Listed by: GRETCHEN JANSSEN • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50148607
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.