7120 Belfair DrPresque IsleMI49777
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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 Presque Isle at 7120 Belfair Dr, Presque Isle, MI, 49777 listed at $290,000 pairs $1,964/mo rent with a $1,419/mo payment to leave $52/mo cash flow. Total monthly income runs $1,964/mo, and annual cash flow reaches $624/yr on $96,135 cash to close. Return on cash invested measures 20.56% in year one, and rental yield registers 8.13% at a $290,000 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,122 by year five. Five-year ROI tracks 106.85% and total cumulative return in cash totals $102,724. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,964/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
2.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
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Listed by: Kyle Alexander Taylor • Lakeshore Realty
Mls Name: WWMLS
Mls ID: #201835584