7 7th StSouth RangeMI49963
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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
Rental property for sale in South Range at 7 7th St, South Range, MI, 49963 generates $2,890/mo in rent and, after a $1,458/mo payment, leaves $926/mo in cash flow. Total monthly income is $2,890/mo, and annual cash flow is $11,107/yr on $98,754 invested. Return on cash invested sits at 31.16% in year one, and rental yield is 11.64% on a $297,900 entry. Equity gained on principal adds $1,922/yr, while 5% annual appreciation builds toward $82,304 over five years. Five-year ROI reaches 163.69% and total cumulative return in cash sums $161,653. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,890/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49963, South Range, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 376 (100%) |
| Owner Occupied HU | 257 (68.4%) |
| Renter Occupied HU | 64 (17.0%) |
| Vacant Housing Units | 55 (14.6%) |
| Median Home Value | $116,204 |
| Average Home Value | $155,973 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
38
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Listed by: CRAIG HEINONEN • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175163
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