N 934 Gros Cap RdSaint IgnaceMI49781
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
Rental property for sale in Saint Ignace at N 934 Gros Cap Rd, Saint Ignace, MI, 49781 priced at $1,249,900 converts $3,880/mo rent into after a $6,118/mo obligation. Total monthly income equals $3,880/mo. Return on cash invested prints 7.44% in year one, and rental yield reads 3.73% against a $1,249,900 entry. Equity gained on principal adds $8,065/yr, while 5% annual appreciation compiles into $345,324 by year five. Five-year ROI reaches 36.44% and total cumulative return in cash sums $147,570. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,880/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Single Family
Built in 1995
1.73 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: Jeremy Fenske • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922728
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.