875 E Vandercook RdMikadoMI48745
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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
Rental property for sale in Mikado at 875 E Vandercook Rd, Mikado, MI, 48745 priced at $195,000 pairs $2,076/mo rent with $791/mo cash flow after a $954/mo payment. Total monthly income equals $2,076/mo, and annual cash flow comes to $9,486/yr on $64,643 invested. Return on cash invested is 34.58% in year one, and rental yield stands at 12.78% on a $195,000 basis. Equity gained on principal adds $1,258/yr, and 5% annual appreciation accumulates to $53,875 by year five. Five-year ROI measures 182.11% and total cumulative return in cash reaches $117,718. For financing, Ziffy Mortgage’s DSCR program evaluates $2,076/mo property income against a $954/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
2 Acres lot
$N/A/sqft
No HOA
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Listed by: Allison Brothers • REAL ESTATE ONE NORTHEAST
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925940
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.