706 Golfview LnElk RapidsMI49629
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 706 Golfview Ln, Elk Rapids, MI, 49629 in Elk Rapids speaks for itself: 37.26% gross on a $125,601 price, generating $3,900/mo in rent and $2,567/mo in net income after the $565/mo debt service. DSCR 6.90, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $30,801 stacks alongside $34,701 in projected five-year appreciation and $1,157/yr in principal reduction. Projected total cumulative return: $215,220.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 37.3% | 6.2% |
| Monthly Cash Flow | $2,567 | $425 |
City averages based on Elk Rapids market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,900 |
| Total Monthly Debt Service | $1,283 |
| DSCR Ratio | 3.04x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1987
N/A lot
$N/A/sqft
$6,060 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49629, Elk Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 899 (52.6%) |
| Renter Occupied HU | 151 ( 8.8%) |
| Vacant Housing Units | 658 (38.5%) |
| Median Home Value | $372,701 |
| Average Home Value | $458,910 |
Housing Distribution
Address Breakdown
Residential
1,157
Single Family
1,026
Multi-Family
131
Businesses
247
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
Manufactured
Built in 1987
N/A lot
$N/A/sqft
$6,060 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49629, Elk Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 899 (52.6%) |
| Renter Occupied HU | 151 ( 8.8%) |
| Vacant Housing Units | 658 (38.5%) |
| Median Home Value | $372,701 |
| Average Home Value | $458,910 |
Housing Distribution
Address Breakdown
Residential
1,157
Single Family
1,026
Multi-Family
131
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Ehlers • Coldwell Banker Schmidt-Elk Ra
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1936919
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.