6893 E One Mile RdTrout CreekMI49967
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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 Trout Creek at 6893 E One Mile Rd, Trout Creek, MI, 49967 offers a 5.69% rental yield on a $349,000 purchase with $1,656/mo rent. 22% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 67.48% and total cumulative return in cash at $78,072. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,656/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49967, Trout Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 486 (100%) |
| Owner Occupied HU | 171 (35.2%) |
| Renter Occupied HU | 18 ( 3.7%) |
| Vacant Housing Units | 297 (61.1%) |
| Median Home Value | $132,292 |
| Average Home Value | $169,693 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
9
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Listed by: DALE G GORDON • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50195415