8681 Partridge TrlElk RapidsMI49629
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
Investment property for sale in Elk Rapids at 8681 Partridge Trl, Elk Rapids, MI, 49629 listed at $1,150,000 pairs $2,828/mo rent with a $5,629/mo payment. Total monthly income runs $2,828/mo. Return on cash invested measures 5.05% in year one, and rental yield registers 2.95% at a $1,150,000 basis. Equity gained on principal adds $7,421/yr, and annual property appreciation at 5% supports $317,724 by year five. Five-year ROI tracks 23.61% and total cumulative return in cash totals $87,981. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,828/mo property income relative to a $5,629/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49629, Elk Rapids, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,708 (100%) |
| Owner Occupied HU | 899 (52.6%) |
| Renter Occupied HU | 151 ( 8.8%) |
| Vacant Housing Units | 658 (38.5%) |
| Median Home Value | $372,701 |
| Average Home Value | $458,910 |
Housing Distribution
Address Breakdown
Residential
1,157
Single Family
1,026
Multi-Family
131
Businesses
247
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Listed by: Angel Hindman • The Mitten Real Estate Group
Mls Name: NGLRMLS
Mls ID: #1941095