6820 North BndMunisingMI49862
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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 Munising at 6820 North Bnd, Munising, MI, 49862 offers a 4.52% rental yield on a $278,900 purchase with $1,050/mo rent. 67% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,055 over five years. Portfolio math shows five-year ROI at 48.45% and total cumulative return in cash at $44,795. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,050/mo property income against a $1,365/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
5.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49862, Munising, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,371 (55.2%) |
| Renter Occupied HU | 343 (13.8%) |
| Vacant Housing Units | 769 (31.0%) |
| Median Home Value | $173,115 |
| Average Home Value | $218,115 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,658
Multi-Family
144
Businesses
217
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Listed by: DAVE WOOD • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50150999
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.