605 S Hill Island RdCedarvilleMI49719
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 Cedarville at 605 S Hill Island Rd, Cedarville, MI, 49719 generates $3,973/mo in rent and, after a $2,154/mo payment, leaves $1,071/mo in cash flow. Total monthly income is $3,973/mo, and annual cash flow is $12,852/yr on $145,860 invested. Return on cash invested sits at 28.72% in year one, and rental yield is 10.84% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 150.61% and total cumulative return in cash sums $219,682. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,973/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49719, Cedarville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 573 (33.1%) |
| Renter Occupied HU | 73 ( 4.2%) |
| Vacant Housing Units | 1,084 (62.7%) |
| Median Home Value | $313,983 |
| Average Home Value | $367,229 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
94
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Nearby investment properties with comparable prices
Listed by: Dennis Borrousch • Smith & Company Real Estate
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-571
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.