706 N Dockside Cir UNIT D-2Suttons BayMI49682
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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 Suttons Bay at 706 N Dockside Cir UNIT D-2, Suttons Bay, MI, 49682 earns from $3,839/mo rent with a $4,870/mo payment. Total monthly income totals $3,839/mo. ROI tracks 7.64% on current figures, and rental yield reads 4.63% at a $995,000 purchase. Equity gained on principal adds $6,421/yr, and 5% annual appreciation supports $274,900 over five years. Five-year ROI reaches 38.41% and total cumulative return in cash sums $125,730. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,839/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$8,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: Sander Scott • Net Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1935895
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.