9020 E Grand Lake RdPresque IsleMI49777
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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 Presque Isle at 9020 E Grand Lake Rd, Presque Isle, MI, 49777 listed at $594,560 pairs $1,705/mo rent with a $2,910/mo payment. Total monthly income runs $1,705/mo. Return on cash invested measures 6.47% in year one, and rental yield registers 3.44% at a $594,560 basis. Equity gained on principal adds $3,837/yr, and annual property appreciation at 5% supports $164,266 by year five. Five-year ROI tracks 31.28% and total cumulative return in cash totals $61,184. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,705/mo property income relative to a $2,910/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49777, Presque Isle, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,780 (100%) |
| Owner Occupied HU | 812 (45.6%) |
| Renter Occupied HU | 30 ( 1.7%) |
| Vacant Housing Units | 938 (52.7%) |
| Median Home Value | $265,878 |
| Average Home Value | $306,281 |
Housing Distribution
Address Breakdown
Residential
939
Single Family
939
Multi-Family
0
Businesses
35
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Listed by: N/A • N/A
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