75 E Stephenson AveGwinnMI49841
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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 Gwinn at 75 E Stephenson Ave, Gwinn, MI, 49841 offers a 9.05% rental yield on a $149,000 purchase with $1,124/mo rent. Total monthly income registers $1,124/mo, and a $729/mo payment leaves $134/mo available for distribution. Annual cash flow reaches $1,607/yr on $49,394 to close, and return on cash invested stands at 23.16% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 120.87% and total cumulative return in cash at $59,704. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,124/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49841, Gwinn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,101 (100%) |
| Owner Occupied HU | 2,051 (50.0%) |
| Renter Occupied HU | 1,197 (29.2%) |
| Vacant Housing Units | 853 (20.8%) |
| Median Home Value | $200,129 |
| Average Home Value | $233,729 |
Housing Distribution
Address Breakdown
Residential
2,917
Single Family
2,861
Multi-Family
56
Businesses
157
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Listed by: PENNE FIGUEIRAS • CENTURY 21 PRIME REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50161788
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