6206 Libby RdGraylingMI49738
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 Grayling at 6206 Libby Rd, Grayling, MI, 49738 uses $41,404 cash to close to unlock $1,952/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $986/mo, and a $611/mo payment keeps the spread at $163/mo. Purchase price stands at $124,900, and rental yield measures 9.47% with $986/mo rent. Return on cash invested shows 24.62% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 128.68% and total cumulative return in cash records $53,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $986/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.47 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices