821 Camelot DrNegauneeMI49866
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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 Negaunee at 821 Camelot Dr, Negaunee, MI, 49866 uses $193,781 cash to close to unlock $6,164/yr annual cash flow and $514/mo monthly cash flow. Total monthly income runs $4,398/mo, and a $2,883/mo payment keeps the spread at $514/mo. Purchase price stands at $589,000, and rental yield measures 8.96% with $4,398/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 121.21% and total cumulative return in cash records $234,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,398/mo property income covering a $2,883/mo payment rather than investor’s personal income.
Single Family
Built in 2007
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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