8900 Lewis RdVanderbiltMI49795
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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 Vanderbilt at 8900 Lewis Rd, Vanderbilt, MI, 49795 at $325,000 posts ROI 18.73% with from $2,038/mo rent. Total monthly income equals $2,038/mo. Return on cash invested measures 18.73% and rental yield reads 7.52% at the current $325,000. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 by year five. Five-year ROI prints 97.09% and total cumulative return in cash totals $104,605. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,038/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
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Listed by: Samuel Bowman • Pat O'Brien & Associates - Boyne City
Mls Name: Northern Michigan MLS
Mls ID: #476476