8491 Us Highway 31 NWilliamsburgMI49690
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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 Williamsburg at 8491 Us Highway 31 N, Williamsburg, MI, 49690 uses $192,465 cash to close to unlock $11,310/yr annual cash flow and $943/mo monthly cash flow. Total monthly income runs $4,800/mo, and a $2,863/mo payment keeps the spread at $943/mo. Purchase price stands at $585,000, and rental yield measures 9.85% with $4,800/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 135.67% and total cumulative return in cash records $261,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,800/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 1875
1.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49690, Williamsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 2,399 (60.1%) |
| Renter Occupied HU | 406 (10.2%) |
| Vacant Housing Units | 1,185 (29.7%) |
| Median Home Value | $425,281 |
| Average Home Value | $582,253 |
Housing Distribution
Address Breakdown
Residential
3,146
Single Family
3,017
Multi-Family
129
Businesses
198
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Listed by: Donald Fedrigon • REMAX Of Elk Rapids
Mls Name: NGLRMLS
Mls ID: #1941112