7694 Grand Point RdPresque 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 7694 Grand Point Rd, Presque Isle, MI, 49777 earns from $1,450/mo rent with a $3,181/mo payment. Total monthly income totals $1,450/mo. ROI tracks 4.14% on current figures, and rental yield reads 2.68% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 18.83% and total cumulative return in cash sums $40,254. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,450/mo property income instead of your personal income.
Single Family
Built in 1992
0.57 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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Listed by: Bridget R Brown-McKone • REMAX Edge
Mls Name: MiRealSource
Mls ID: #50190236