724 Baldwin AveNegauneeMI49866
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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 Negaunee at 724 Baldwin Ave, Negaunee, MI, 49866 uses $72,897 cash to close to unlock $6,854/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $2,021/mo, and a $1,076/mo payment keeps the spread at $571/mo. Purchase price stands at $219,900, and rental yield measures 11.03% with $2,021/mo rent. Return on cash invested shows 29.31% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 153.86% and total cumulative return in cash records $112,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,021/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1880
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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