916 S 1st AveAlpenaMI49707
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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 Alpena at 916 S 1st Ave, Alpena, MI, 49707 uses $53,007 cash to close to unlock $2,186/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,237/mo, and a $783/mo payment keeps the spread at $182/mo. Purchase price stands at $159,900, and rental yield measures 9.28% with $1,237/mo rent. Return on cash invested shows 24.03% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 125.54% and total cumulative return in cash records $66,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,237/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,450 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49707, Alpena, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 7,776 (66.0%) |
| Renter Occupied HU | 2,265 (19.2%) |
| Vacant Housing Units | 1,747 (14.8%) |
| Median Home Value | $150,147 |
| Average Home Value | $189,050 |
Housing Distribution
Address Breakdown
Residential
10,775
Single Family
10,102
Multi-Family
673
Businesses
1,047
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