7196 Naomi RdEau ClaireMI49111
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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
Rental property for sale in Eau Claire at 7196 Naomi Rd, Eau Claire, MI, 49111 generates $3,006/mo in rent, after a $4,895/mo payment. Total monthly income is $3,006/mo. Return on cash invested sits at 6.97% in year one, and rental yield is 3.61% on a $1,000,000 entry. Equity gained on principal adds $6,453/yr, while 5% annual appreciation builds toward $276,282 over five years. Five-year ROI reaches 33.95% and total cumulative return in cash sums $111,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,006/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
44.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49111, Eau Claire, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,641 (100%) |
| Owner Occupied HU | 1,134 (69.1%) |
| Renter Occupied HU | 211 (12.9%) |
| Vacant Housing Units | 296 (18.0%) |
| Median Home Value | $273,674 |
| Average Home Value | $304,387 |
Housing Distribution
Address Breakdown
Residential
1,320
Single Family
1,320
Multi-Family
0
Businesses
63
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Listed by: Dana Riley • @properties Christie's International R.E.
Mls Name: MichRIC
Mls ID: #25046795