706 Oak StCalumetMI49913
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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 Calumet at 706 Oak St, Calumet, MI, 49913 earns $638/mo cash flow from $2,550/mo rent with a $1,419/mo payment. Total monthly income totals $2,550/mo, and annual cash flow totals $7,658/yr on $96,102 capital. ROI tracks 27.88% on current figures, and rental yield reads 10.56% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 146.14% and total cumulative return in cash sums $140,445. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,550/mo property income instead of your personal income.
Single Family
Built in 1880
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49913, Calumet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,066 (100%) |
| Owner Occupied HU | 2,453 (60.3%) |
| Renter Occupied HU | 653 (16.1%) |
| Vacant Housing Units | 960 (23.6%) |
| Median Home Value | $99,115 |
| Average Home Value | $140,171 |
Housing Distribution
Address Breakdown
Residential
3,482
Single Family
3,288
Multi-Family
194
Businesses
319
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Listed by: JENNIFER DEEPHOUSE • STATE WIDE OF HOUGHTON
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50147479
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.