N17176 Vega RdHermansvilleMI49847
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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 Hermansville at N17176 Vega Rd, Hermansville, MI, 49847 offers a 9.06% rental yield on a $140,000 purchase with $1,057/mo rent. Total monthly income registers $1,057/mo, and a $685/mo payment leaves $134/mo available for distribution. Annual cash flow reaches $1,608/yr on $46,410 to close, and return on cash invested stands at 23.37% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 121.94% and total cumulative return in cash at $56,590. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,057/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49847, Hermansville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 563 (100%) |
| Owner Occupied HU | 371 (65.9%) |
| Renter Occupied HU | 79 (14.0%) |
| Vacant Housing Units | 113 (20.1%) |
| Median Home Value | $129,567 |
| Average Home Value | $175,054 |
Housing Distribution
Address Breakdown
Residential
336
Single Family
312
Multi-Family
24
Businesses
21
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Listed by: MELISSA MIKUS • UPWARDS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50179431
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.