9457 Spinnaker StGraylingMI49738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Grayling at 9457 Spinnaker St, Grayling, MI, 49738 offers a 9.42% rental yield on a $105,000 purchase with $824/mo rent. Total monthly income registers $824/mo, and a $514/mo payment leaves $132/mo available for distribution. Annual cash flow reaches $1,578/yr on $34,808 to close, and return on cash invested stands at 24.44% in year one. Equity gained on principal adds $678/yr while 5% annual appreciation supports $29,010 over five years. Portfolio math shows five-year ROI at 127.81% and total cumulative return in cash at $44,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $824/mo property income against a $514/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49738, Grayling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,201 (100%) |
| Owner Occupied HU | 3,339 (46.4%) |
| Renter Occupied HU | 818 (11.4%) |
| Vacant Housing Units | 3,044 (42.3%) |
| Median Home Value | $174,820 |
| Average Home Value | $221,874 |
Housing Distribution
Address Breakdown
Residential
4,675
Single Family
4,510
Multi-Family
165
Businesses
419
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