7724-N7724 Millecoquin Lake RdEngadineMI49827
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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 Engadine at 7724-N7724 Millecoquin Lake Rd, Engadine, MI, 49827 listed at $312,000 pairs $0/mo rent with a $1,527/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -4.76% in year one, and rental yield registers 0% at a $312,000 basis. Equity gained on principal adds $2,013/yr, and annual property appreciation at 5% supports $86,200 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,527/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,405 sqft lot
$N/A/sqft
$830 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49827, Engadine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 737 (100%) |
| Owner Occupied HU | 340 (46.1%) |
| Renter Occupied HU | 32 ( 4.3%) |
| Vacant Housing Units | 365 (49.5%) |
| Median Home Value | $177,273 |
| Average Home Value | $229,426 |
Housing Distribution
Address Breakdown
Residential
374
Single Family
374
Multi-Family
0
Businesses
27
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No similar rental properties found nearby.
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Listed by: AMY SCHIEDING • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50152879
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