Deerton Onota RdDeertonMI49822
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines Deerton Onota Rd, Deerton, MI, 49822 in Deerton: $1,547/mo in rent, $669/mo net, 13.95% gross yield, all on a $133,100 acquisition. The 2.58 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $36,773 in value, and $1,226/yr in principal paydown steadily builds equity. Projected total cumulative return: $93,747.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 6.5% |
| Monthly Cash Flow | $669 | $850 |
City averages based on Deerton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,547 |
| Total Monthly Debt Service | $825 |
| DSCR Ratio | 1.88x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
231.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49822, Deerton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 288 (100%) |
| Owner Occupied HU | 117 (40.6%) |
| Renter Occupied HU | 14 ( 4.9%) |
| Vacant Housing Units | 157 (54.5%) |
| Median Home Value | $245,000 |
| Average Home Value | $262,863 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
10
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
Lot
Built in N/A
231.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49822, Deerton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 288 (100%) |
| Owner Occupied HU | 117 (40.6%) |
| Renter Occupied HU | 14 ( 4.9%) |
| Vacant Housing Units | 157 (54.5%) |
| Median Home Value | $245,000 |
| Average Home Value | $262,863 |
Housing Distribution
Address Breakdown
Residential
88
Single Family
88
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BROOKE PERRY • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50100786
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.