N6147 Milakokia Lake RdGould CityMI49838
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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 Gould City at N6147 Milakokia Lake Rd, Gould City, MI, 49838 generates $0/mo in rent, after a $1,713/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.96% in year one, and rental yield is 0% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
3.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49838, Gould City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 178 (39.2%) |
| Renter Occupied HU | 30 ( 6.6%) |
| Vacant Housing Units | 246 (54.2%) |
| Median Home Value | $253,846 |
| Average Home Value | $273,230 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
12
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No similar rental properties found nearby.
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Listed by: KRISTINE MCCRAREN • GROVER REAL ESTATE-NEWBERRY
Mls Name: Upper Peninsula AOR
Mls ID: #50196699