N5504 N Eben RdEben JunctionMI49825
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at N5504 N Eben Rd, Eben Junction, MI, 49825 in Eben Junction the bet is firmly on appreciation. Rental yield 3.39%. The 3.39% gross yield on a $325,000 price is below income-first thresholds, but 5%/yr value growth projects $89,792 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.63) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $44,946.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.4% | 6.0% |
| Monthly Cash Flow | $(1,226) | $350 |
City averages based on Eben Junction market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $917 |
| Total Monthly Debt Service | $2,014 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1932
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49825, Eben Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 107 (100%) |
| Owner Occupied HU | 88 (82.2%) |
| Renter Occupied HU | 7 ( 6.5%) |
| Vacant Housing Units | 12 (11.2%) |
| Median Home Value | $266,667 |
| Average Home Value | $301,705 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
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
Multi Family
Built in 1932
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49825, Eben Junction, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 107 (100%) |
| Owner Occupied HU | 88 (82.2%) |
| Renter Occupied HU | 7 ( 6.5%) |
| Vacant Housing Units | 12 (11.2%) |
| Median Home Value | $266,667 |
| Average Home Value | $301,705 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: CRYSTAL BARR BERGLUND • KELLER WILLIAMS NORTHERN MICHIGAN
Mls Name: Upper Peninsula AOR
Mls ID: #50181554