9731 N Norway Lake RdFelchMI49831
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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 Felch at 9731 N Norway Lake Rd, Felch, MI, 49831 offers a 9.64% rental yield on a $179,000 purchase with $1,438/mo rent. Total monthly income registers $1,438/mo, and a $876/mo payment leaves $258/mo available for distribution. Annual cash flow reaches $3,092/yr on $59,339 to close, and return on cash invested stands at 25.12% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 131.31% and total cumulative return in cash at $77,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,438/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
1.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49831, Felch, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 468 (100%) |
| Owner Occupied HU | 247 (52.8%) |
| Renter Occupied HU | 18 ( 3.8%) |
| Vacant Housing Units | 203 (43.4%) |
| Median Home Value | $206,618 |
| Average Home Value | $226,700 |
Housing Distribution
Address Breakdown
Residential
328
Single Family
328
Multi-Family
0
Businesses
10
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Listed by: CHRIS FELTNER • SELECT REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50177127
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