9787 County Road 513 T Rd #TRapid RiverMI49878
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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 Rapid River at 9787 County Road 513 T Rd #T, Rapid River, MI, 49878 offers a 7.92% rental yield on a $150,000 purchase with $990/mo rent. Total monthly income registers $990/mo, and a $734/mo payment leaves $1/mo available for distribution. Annual cash flow reaches $12/yr on $49,725 to close, and return on cash invested stands at 19.93% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 103.52% and total cumulative return in cash at $51,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $990/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49878, Rapid River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,790 (100%) |
| Owner Occupied HU | 1,533 (54.9%) |
| Renter Occupied HU | 131 ( 4.7%) |
| Vacant Housing Units | 1,126 (40.4%) |
| Median Home Value | $182,019 |
| Average Home Value | $216,009 |
Housing Distribution
Address Breakdown
Residential
1,731
Single Family
1,708
Multi-Family
23
Businesses
76
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Listed by: DAVID MUXLOW • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50189462