710 N Dockside Cir #F-2Suttons BayMI49682
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
Total monthly income runs $3,366/mo, and a $4,895/mo payment. Purchase price stands at $1,000,000, and rental yield measures 4.04% with $3,366/mo rent. Return on cash invested shows 8.28% in year one, and 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 40.99% and total cumulative return in cash records $134,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,366/mo property income covering a $4,895/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jonathan Oltersdorf • Oltersdorf Realty, LLC
Mls Name: NGLRMLS
Mls ID: #1938077