99 Grondin RdSaint IgnaceMI49781
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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 Saint Ignace at 99 Grondin Rd, Saint Ignace, MI, 49781 at $475,000 posts ROI 7.8% with from $1,544/mo rent. Total monthly income equals $1,544/mo. Return on cash invested measures 7.8% and rental yield reads 3.9% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 38.47% and total cumulative return in cash totals $60,571. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,544/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49781, Saint Ignace, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,663 (100%) |
| Owner Occupied HU | 1,415 (53.1%) |
| Renter Occupied HU | 507 (19.0%) |
| Vacant Housing Units | 741 (27.8%) |
| Median Home Value | $170,180 |
| Average Home Value | $232,984 |
Housing Distribution
Address Breakdown
Residential
1,947
Single Family
1,766
Multi-Family
181
Businesses
232
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Nearby investment properties with comparable prices
Listed by: Tammy Shepard • Mackinac Properties, Inc
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832440
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