610 S 4th StOntonagonMI49953
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
Investment property for sale in Ontonagon at 610 S 4th St, Ontonagon, MI, 49953 uses $46,079 cash to close to unlock $5,540/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $1,378/mo, and a $680/mo payment keeps the spread at $462/mo. Purchase price stands at $139,000, and rental yield measures 11.9% with $1,378/mo rent. Return on cash invested shows 31.93% in year one, and 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 167.86% and total cumulative return in cash records $77,348. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,378/mo property income covering a $680/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices