7104 N M 117EngadineMI49827
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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
Investment property for sale in Engadine at 7104 N M 117, Engadine, MI, 49827 offers a 11.44% rental yield on a $159,900 purchase with $1,525/mo rent. Total monthly income registers $1,525/mo, and a $783/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,642/yr on $53,007 to close, and return on cash invested stands at 30.55% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 160.54% and total cumulative return in cash at $85,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,525/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
13.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49827, Engadine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 340 (46.1%) |
| Renter Occupied HU | 32 ( 4.3%) |
| Vacant Housing Units | 365 (49.5%) |
| Median Home Value | $177,273 |
| Average Home Value | $229,426 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
27
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