762 N Waypoint CirSuttons 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
Rental property for sale in Suttons Bay at 762 N Waypoint Cir, Suttons Bay, MI, 49682 priced at $750,000 converts $2,400/mo rent into after a $3,671/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 7.68% in year one, and rental yield reads 3.84% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 37.75% and total cumulative return in cash sums $93,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $3,671/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No 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: BJ Brick • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls ID: #1937791