725 Parker Ave #1OntonagonMI49953
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 725 Parker Ave #1, Ontonagon, MI, 49953 in Ontonagon worth modelling. At $175,000 with a 9.28% gross yield, the $1,353/mo rent leaves $199/mo after the $787/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.72 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $48,349 by year five; $1,612/yr in principal reduction adds further equity. Total projected return: $79,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.5% |
| Monthly Cash Flow | $199 | $750 |
City averages based on Ontonagon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,353 |
| Total Monthly Debt Service | $1,084 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
Nearby investment properties with comparable rents
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
Single Family
Built in 1974
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49953, Ontonagon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,189 (100%) |
| Owner Occupied HU | 1,157 (52.9%) |
| Renter Occupied HU | 168 ( 7.7%) |
| Vacant Housing Units | 864 (39.5%) |
| Median Home Value | $103,725 |
| Average Home Value | $143,174 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,269
Multi-Family
28
Businesses
157
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices