809 Iroquois AvePrudenvilleMI48651
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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 Prudenville at 809 Iroquois Ave, Prudenville, MI, 48651 with 5% annual appreciation on a $349,900 basis while $2,462/mo rent supports operations. Total monthly income totals $2,462/mo and a $1,713/mo payment preserves $154/mo for cash returns. Annual cash flow comes to $1,850/yr on $115,992 deployed, and return on cash invested reaches 21.5% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,671 alongside rental yield of 8.44%. Five-year ROI measures 111.95% and total cumulative return in cash totals $129,858.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,462/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48651, Prudenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,094 (100%) |
| Owner Occupied HU | 1,832 (44.7%) |
| Renter Occupied HU | 480 (11.7%) |
| Vacant Housing Units | 1,782 (43.5%) |
| Median Home Value | $208,261 |
| Average Home Value | $247,688 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,621
Multi-Family
72
Businesses
165
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Listed by: Lori Sajdak • Century 21 Realty North Higgins Lake
Mls Name: WWMLS
Mls ID: #201835798