601 Peninsular AveGraylingMI49738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grayling at 601 Peninsular Ave, Grayling, MI, 49738 priced at $169,900 pairs $1,321/mo rent with $200/mo cash flow after a $832/mo payment. Total monthly income equals $1,321/mo, and annual cash flow comes to $2,402/yr on $56,322 invested. Return on cash invested is 24.17% in year one, and rental yield stands at 9.33% on a $169,900 basis. Equity gained on principal adds $1,096/yr, and 5% annual appreciation accumulates to $46,940 by year five. Five-year ROI measures 126.33% and total cumulative return in cash reaches $71,150. For financing, Ziffy Mortgage’s DSCR program evaluates $1,321/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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