9260 Us Highway 41 SSkandiaMI49885
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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 Skandia at 9260 Us Highway 41 S, Skandia, MI, 49885 offers a 9.64% rental yield on a $250,000 purchase with $2,009/mo rent. Total monthly income registers $2,009/mo, and a $1,224/mo payment leaves $360/mo available for distribution. Annual cash flow reaches $4,320/yr on $82,875 to close, and return on cash invested stands at 25.12% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 131.3% and total cumulative return in cash at $108,814. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,009/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
1.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49885, Skandia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,289 (100%) |
| Owner Occupied HU | 928 (72.0%) |
| Renter Occupied HU | 78 ( 6.1%) |
| Vacant Housing Units | 283 (22.0%) |
| Median Home Value | $278,333 |
| Average Home Value | $319,011 |
Housing Distribution
Address Breakdown
Residential
771
Single Family
771
Multi-Family
0
Businesses
25
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Listed by: LISA ELZINGA • KELLER WILLIAMS FIRST UP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50171684
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.