708 Golfview CirElk RapidsMI49629
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
Rental property for sale in Elk Rapids at 708 Golfview Cir, Elk Rapids, MI, 49629 generates $3,238/mo in rent and, after a $734/mo payment, leaves $1,821/mo in cash flow. Total monthly income is $3,238/mo, and annual cash flow is $21,854/yr on $49,692 invested. Return on cash invested sits at 63.89% in year one, and rental yield is 25.92% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 343.06% and total cumulative return in cash sums $170,471. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,238/mo property income rather than buyer’s personal income.
Manufactured
Built in 1988
N/A lot
$N/A/sqft
$5,136 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
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Listed by: Camille Campbell • Coldwell Banker Schmidt-402
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926555
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.