736 N Apple Tree Dr #9Suttons BayMI49682
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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 Suttons Bay at 736 N Apple Tree Dr #9, Suttons Bay, MI, 49682 listed at $680,248 pairs $2,897/mo rent with a $3,329/mo payment. Total monthly income runs $2,897/mo. Return on cash invested measures 8.25% in year one, and rental yield registers 5.11% at a $680,248 basis. Equity gained on principal adds $4,390/yr, and annual property appreciation at 5% supports $187,940 by year five. Five-year ROI tracks 41.99% and total cumulative return in cash totals $93,978. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,897/mo property income relative to a $3,329/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
436 sqft lot
$N/A/sqft
$615 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: N/A • N/A
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