57422 Rockland StCalumetMI49913
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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
Rental property for sale in Calumet at 57422 Rockland St, Calumet, MI, 49913 generates $1,328/mo in rent and, after a $827/mo payment, leaves $214/mo in cash flow. Total monthly income is $1,328/mo, and annual cash flow is $2,564/yr on $56,024 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 9.43% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 127.93% and total cumulative return in cash sums $71,671. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,328/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
7,840 sqft 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: THOMAS TIKKANEN • SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50173012
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