800 N Saint Joseph StSuttons 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 800 N Saint Joseph St, Suttons Bay, MI, 49682 priced at $1,000,000 pairs $1,999/mo rent with after a $4,895/mo payment. Total monthly income equals $1,999/mo. Return on cash invested is 3.3% in year one, and rental yield stands at 2.4% on a $1,000,000 basis. Equity gained on principal adds $6,453/yr, and 5% annual appreciation accumulates to $276,282 by year five. Five-year ROI measures 14.25% and total cumulative return in cash reaches $46,888. For financing, Ziffy Mortgage’s DSCR program evaluates $1,999/mo property income against a $4,895/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1944
9,583 sqft 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: Jennifer Edson-Rife • Five Star Real Estate - Front St TC
Mls Name: NGLRMLS
Mls ID: #1940344