651 Pointe Tremble RdAlgonacMI48001
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 Algonac at 651 Pointe Tremble Rd, Algonac, MI, 48001 generates $2,243/mo in rent and, after a $1,370/mo payment, leaves $197/mo in cash flow. Total monthly income is $2,243/mo, and annual cash flow is $2,366/yr on $92,787 invested. Return on cash invested sits at 22.46% in year one, and rental yield is 9.62% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 118.04% and total cumulative return in cash sums $109,525. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,243/mo property income rather than buyer’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
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Listed by: Sandra Dunakey • RE/MAX First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50156375
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