7595 Garrity LnPresque IsleMI49777
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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 Presque Isle at 7595 Garrity Ln, Presque Isle, MI, 49777 uses $125,771 cash to close to unlock $2,568/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $2,716/mo, and a $1,857/mo payment keeps the spread at $214/mo. Purchase price stands at $379,400, and rental yield measures 8.59% with $2,716/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $104,821 over five years. Five-year ROI reaches 114.35% and total cumulative return in cash records $143,824. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,716/mo property income covering a $1,857/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
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