7660 R75 LnRapid RiverMI49878
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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 Rapid River at 7660 R75 Ln, Rapid River, MI, 49878 offers a 2.81% rental yield on a $1,460,000 purchase with $3,416/mo rent. 61% in year one. Equity gained on principal adds $9,421/yr while 5% annual appreciation supports $403,371 over five years. Portfolio math shows five-year ROI at 21.25% and total cumulative return in cash at $100,517. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,416/mo property income against a $7,146/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 1,533 (54.9%) |
| Renter Occupied HU | 131 ( 4.7%) |
| Vacant Housing Units | 1,126 (40.4%) |
| Median Home Value | $182,019 |
| Average Home Value | $216,009 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
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Listed by: DAVID HANSON • PREMIER REAL ESTATE, INC.
Mls Name: Upper Peninsula AOR
Mls ID: #50197255