8558 S Portage Point Dr LOT 3OnekamaMI49675
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 8558 S Portage Point Dr LOT 3, Onekama, MI, 49675 in Onekama at $128,500 earns $1,026/mo in rent and nets $179/mo after the $578/mo payment, a 9.58% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,502 over five years. Ziffy Mortgage underwrites this on a 1.78 DSCR without U.S. credit history. With $1,184/yr in principal paydown, total projected return reaches $60,460.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.8% |
| Monthly Cash Flow | $179 | $800 |
City averages based on Onekama market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,026 |
| Total Monthly Debt Service | $796 |
| DSCR Ratio | 1.29x |
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.
Condo
Built in 1925
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49675, Onekama, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 944 (100%) |
| Owner Occupied HU | 428 (45.3%) |
| Renter Occupied HU | 70 ( 7.4%) |
| Vacant Housing Units | 446 (47.2%) |
| Median Home Value | $307,407 |
| Average Home Value | $408,131 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
65
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
Condo
Built in 1925
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49675, Onekama, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 944 (100%) |
| Owner Occupied HU | 428 (45.3%) |
| Renter Occupied HU | 70 ( 7.4%) |
| Vacant Housing Units | 446 (47.2%) |
| Median Home Value | $307,407 |
| Average Home Value | $408,131 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
