6700 N Matheson RdNorthportMI49670
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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 Northport at 6700 N Matheson Rd, Northport, MI, 49670 offers a 3.1% rental yield on a $1,600,000 purchase with $4,135/mo rent. 52% in year one. Equity gained on principal adds $10,325/yr while 5% annual appreciation supports $442,051 over five years. Portfolio math shows five-year ROI at 26.11% and total cumulative return in cash at $135,375. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,135/mo property income against a $7,831/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
23.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49670, Northport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,986 (100%) |
| Owner Occupied HU | 912 (45.9%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,003 (50.5%) |
| Median Home Value | $481,921 |
| Average Home Value | $650,211 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
100
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