6802 Mount Vernon Hills DrVanderbiltMI49795
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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 Vanderbilt at 6802 Mount Vernon Hills Dr, Vanderbilt, MI, 49795 listed at $629,900 pairs $4,759/mo rent with a $3,083/mo payment to leave $605/mo cash flow. Total monthly income runs $4,759/mo, and annual cash flow reaches $7,262/yr on $207,237 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9.07% at a $629,900 basis. Equity gained on principal adds $4,065/yr, and annual property appreciation at 5% supports $174,030 by year five. Five-year ROI tracks 122.96% and total cumulative return in cash totals $254,823. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,759/mo property income relative to a $3,083/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
4.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
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Listed by: Christopher Eckerman • Coldwell Banker Schmidt - Petoskey
Mls Name: Northern Michigan MLS
Mls ID: #477799