7407 Old Mill Town RdTrout CreekMI49967
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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 Trout Creek at 7407 Old Mill Town Rd, Trout Creek, MI, 49967 listed at $179,000 pairs $1,369/mo rent with a $876/mo payment to leave $189/mo cash flow. Total monthly income runs $1,369/mo, and annual cash flow reaches $2,264/yr on $59,339 cash to close. Return on cash invested measures 23.73% in year one, and rental yield registers 9.18% at a $179,000 basis. Equity gained on principal adds $1,155/yr, and annual property appreciation at 5% supports $49,454 by year five. Five-year ROI tracks 123.87% and total cumulative return in cash totals $73,503. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,369/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49967, Trout Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 486 (100%) |
| Owner Occupied HU | 171 (35.2%) |
| Renter Occupied HU | 18 ( 3.7%) |
| Vacant Housing Units | 297 (61.1%) |
| Median Home Value | $132,292 |
| Average Home Value | $169,693 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
9
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Listed by: DALE G GORDON • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50184477