6966 S Straits HwyIndian RiverMI49749
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Indian River at 6966 S Straits Hwy, Indian River, MI, 49749 listed at $409,000 pairs $2,420/mo rent with a $2,002/mo payment. Total monthly income runs $2,420/mo. Return on cash invested measures 17.45% in year one, and rental yield registers 7.1% at a $409,000 basis. Equity gained on principal adds $2,639/yr, and annual property appreciation at 5% supports $112,999 by year five. Five-year ROI tracks 90.21% and total cumulative return in cash totals $122,313. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,420/mo property income relative to a $2,002/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Nearby investment properties with comparable prices
Listed by: Brienna Roberts • Berkshire Hathaway HomeServices Real Estate - BC
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476619
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.