6080 River RdBenzoniaMI49616
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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 Benzonia at 6080 River Rd, Benzonia, MI, 49616 generates $3,050/mo in rent and, after a $1,933/mo payment, leaves $446/mo in cash flow. Total monthly income is $3,050/mo, and annual cash flow is $5,346/yr on $130,943 invested. Return on cash invested sits at 23.99% in year one, and rental yield is 9.27% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 125.28% and total cumulative return in cash sums $164,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,050/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49616, Benzonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,109 (100%) |
| Owner Occupied HU | 767 (69.2%) |
| Renter Occupied HU | 107 ( 9.6%) |
| Vacant Housing Units | 235 (21.2%) |
| Median Home Value | $269,000 |
| Average Home Value | $347,846 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
885
Multi-Family
0
Businesses
106
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Listed by: Dean Baker • REMAX Bayshore - Union St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926535
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.