60 Oakwood AveGaastraMI49927
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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 Gaastra at 60 Oakwood Ave, Gaastra, MI, 49927 generates $1,177/mo in rent and, after a $587/mo payment, leaves $386/mo in cash flow. Total monthly income is $1,177/mo, and annual cash flow is $4,632/yr on $39,780 invested. Return on cash invested sits at 31.55% in year one, and rental yield is 11.77% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 165.81% and total cumulative return in cash sums $65,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,177/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49927, Gaastra, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 191 (100%) |
| Owner Occupied HU | 118 (61.8%) |
| Renter Occupied HU | 28 (14.7%) |
| Vacant Housing Units | 45 (23.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $264,364 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
8
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Listed by: PETRA CLARK • TRI COUNTY REALTY UP-IM
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50152292
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.