616 E 1st StCaspianMI49915
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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
Investment property for sale in Caspian at 616 E 1st St, Caspian, MI, 49915 earns $131/mo cash flow from $840/mo rent with a $526/mo payment. Total monthly income totals $840/mo, and annual cash flow totals $1,575/yr on $35,636 capital. ROI tracks 24.33% on current figures, and rental yield reads 9.38% at a $107,500 purchase. Equity gained on principal adds $694/yr, and 5% annual appreciation supports $29,700 over five years. Five-year ROI reaches 127.17% and total cumulative return in cash sums $45,319. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $840/mo property income instead of your personal income.
Single Family
Built in 1956
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49915, Caspian, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 258 (61.4%) |
| Renter Occupied HU | 91 (21.7%) |
| Vacant Housing Units | 71 (16.9%) |
| Median Home Value | $105,488 |
| Average Home Value | $180,320 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
25
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Listed by: NICOLE HEBERT • KELLER WILLIAMS CLASSIC REALTY NW
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50185335
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.