7865 Michigan StRapid 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
Rental property for sale in Rapid River at 7865 Michigan St, Rapid River, MI, 49878 generates $1,082/mo in rent and, after a $699/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,082/mo, and annual cash flow is $1,681/yr on $47,371 invested. Return on cash invested sits at 23.46% in year one, and rental yield is 9.09% on a $142,900 entry. Equity gained on principal adds $922/yr, while 5% annual appreciation builds toward $39,481 over five years. Five-year ROI reaches 122.52% and total cumulative return in cash sums $58,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,082/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.34 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: DAN BENDER • STATE WIDE REAL ESTATE OF ESCANABA
Mls Name: Upper Peninsula AOR
Mls ID: #50183067