N Onominese TrlNorthportMI49670
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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
Rental property for sale in Northport at N Onominese Trl, Northport, MI, 49670 priced at $115,800 converts $2,077/mo rent into $1,313/mo cash flow after a $567/mo obligation. Total monthly income equals $2,077/mo, and annual cash flow totals $15,758/yr on $38,388 invested. Return on cash invested prints 60.96% in year one, and rental yield reads 21.52% against a $115,800 entry. Equity gained on principal adds $747/yr, while 5% annual appreciation compiles into $31,993 by year five. Five-year ROI reaches 323.63% and total cumulative return in cash sums $124,233. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,077/mo property income covering a $567/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
5.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49670, Northport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,986 (100%) |
| Owner Occupied HU | 912 (45.9%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,003 (50.5%) |
| Median Home Value | $481,921 |
| Average Home Value | $650,211 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
934
Multi-Family
0
Businesses
100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.