730 Blackbird LnRepublicMI49879
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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 Republic at 730 Blackbird Ln, Republic, MI, 49879 priced at $424,900 converts $2,118/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,118/mo. Return on cash invested prints 14.08% in year one, and rental yield reads 5.98% against a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,392 by year five. Five-year ROI reaches 72.11% and total cumulative return in cash sums $101,565. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,118/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49879, Republic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 969 (100%) |
| Owner Occupied HU | 441 (45.5%) |
| Renter Occupied HU | 53 ( 5.5%) |
| Vacant Housing Units | 475 (49.0%) |
| Median Home Value | $173,661 |
| Average Home Value | $266,514 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
513
Multi-Family
32
Businesses
37
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Listed by: CRAIG HEINONEN • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50142925
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