81 Brady AveCaspianMI49915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Caspian at 81 Brady Ave, Caspian, MI, 49915 priced at $139,500 pairs $2,082/mo rent with $1,162/mo cash flow after a $683/mo payment. Total monthly income equals $2,082/mo, and annual cash flow comes to $13,942/yr on $46,244 invested. Return on cash invested is 50.06% in year one, and rental yield stands at 17.91% on a $139,500 basis. Equity gained on principal adds $900/yr, and 5% annual appreciation accumulates to $38,541 by year five. Five-year ROI measures 265.04% and total cumulative return in cash reaches $122,565. For financing, Ziffy Mortgage’s DSCR program evaluates $2,082/mo property income against a $683/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49915, Caspian, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 420 (100%) |
| Owner Occupied HU | 258 (61.4%) |
| Renter Occupied HU | 91 (21.7%) |
| Vacant Housing Units | 71 (16.9%) |
| Median Home Value | $105,488 |
| Average Home Value | $180,320 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
25
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Listed by: JORDYN LEONARDUZZI • RE/MAX NORTH COUNTRY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50149229
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