7276 Williams CtElk RapidsMI49629
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
Investment Highlights
Investment property for sale in Elk Rapids at 7276 Williams Ct, Elk Rapids, MI, 49629 earns from $2,677/mo rent with a $4,723/mo payment. Total monthly income totals $2,677/mo. ROI tracks 6.13% on current figures, and rental yield reads 3.33% at a $965,000 purchase. Equity gained on principal adds $6,227/yr, and 5% annual appreciation supports $266,612 over five years. Five-year ROI reaches 29.44% and total cumulative return in cash sums $93,463. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,677/mo property income instead of your personal income.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49629, Elk Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 899 (52.6%) |
| Renter Occupied HU | 151 ( 8.8%) |
| Vacant Housing Units | 658 (38.5%) |
| Median Home Value | $372,701 |
| Average Home Value | $458,910 |
Housing Distribution
Address Breakdown
Residential
1,157
Single Family
1,026
Multi-Family
131
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shawn Schmidt • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1936099
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.