825 W Gulliver Lake RdGulliverMI49840
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 825 W Gulliver Lake Rd, Gulliver, MI, 49840 in Gulliver. Priced at $152,000, it generates $1,813/mo in gross rent and $811/mo in net monthly cash flow, a 14.31% yield that comfortably supports the 2.65 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $9,730. Five-year appreciation: $41,995. Equity from principal paydown: $1,400/yr. Total projected cumulative return: $110,105.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 7.5% |
| Monthly Cash Flow | $811 | $400 |
City averages based on Gulliver market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,813 |
| Total Monthly Debt Service | $942 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1970
2.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49840, Gulliver, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 364 (43.3%) |
| Renter Occupied HU | 22 ( 2.6%) |
| Vacant Housing Units | 454 (54.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,464 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
14
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
Single Family
Built in 1970
2.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49840, Gulliver, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 840 (100%) |
| Owner Occupied HU | 364 (43.3%) |
| Renter Occupied HU | 22 ( 2.6%) |
| Vacant Housing Units | 454 (54.0%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,464 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
382
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ABBEY WOOD • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50178572
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.