724 Carr StNegauneeMI49866
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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 Carr St, Negaunee, MI, 49866 offers a 17.25% rental yield on a $197,900 purchase with $2,845/mo rent. Total monthly income registers $2,845/mo, and a $969/mo payment leaves $1,540/mo available for distribution. Annual cash flow reaches $18,475/yr on $65,604 to close, and return on cash invested stands at 48.07% in year one. Equity gained on principal adds $1,277/yr while 5% annual appreciation supports $54,676 over five years. Portfolio math shows five-year ROI at 254.43% and total cumulative return in cash at $166,917. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,845/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.38 Acres 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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Listed by: KELSEY GATISS • KELLER WILLIAMS NORTHERN MICHIGAN
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50154240
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.