679 W Gulliver Lake RdGulliverMI49840
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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 Gulliver at 679 W Gulliver Lake Rd, Gulliver, MI, 49840 with 5% annual appreciation on a $149,000 basis while $1,536/mo rent supports operations. Total monthly income totals $1,536/mo and a $729/mo payment preserves $554/mo for cash returns. Annual cash flow comes to $6,644/yr on $49,394 deployed, and return on cash invested reaches 33.36% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 12.37%. Five-year ROI measures 175.54% and total cumulative return in cash totals $86,704.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,536/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
2.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49840, Gulliver, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 364 (43.3%) |
| Renter Occupied HU | 22 ( 2.6%) |
| Vacant Housing Units | 454 (54.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,464 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
14
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Listed by: TRAVIS WOOD • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175369
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.