N14157 Ellen StGrand MaraisMI49839
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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 Grand Marais at N14157 Ellen St, Grand Marais, MI, 49839 generates $2,222/mo in rent, after a $1,689/mo payment. Total monthly income is $2,222/mo. Return on cash invested sits at 19.35% in year one, and rental yield is 7.73% on a $345,000 entry. Equity gained on principal adds $2,226/yr, while 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 100.39% and total cumulative return in cash sums $114,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,222/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49839, Grand Marais, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 714 (100%) |
| Owner Occupied HU | 204 (28.6%) |
| Renter Occupied HU | 25 ( 3.5%) |
| Vacant Housing Units | 485 (67.9%) |
| Median Home Value | $206,250 |
| Average Home Value | $222,843 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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Listed by: Rick Capogrossa • Cap's Grand Marais Bucket List Realty
Mls Name: EUPBR
Mls ID: #25-653