N8060 Norton Rd UNIT 7CurtisMI49820
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
Investment Highlights
Investment property for sale in Curtis at N8060 Norton Rd UNIT 7, Curtis, MI, 49820 offers a 7.99% rental yield on a $165,900 purchase with $1,105/mo rent. Total monthly income registers $1,105/mo, and a $812/mo payment leaves $11/mo available for distribution. Annual cash flow reaches $132/yr on $54,996 to close, and return on cash invested stands at 20.15% in year one. Equity gained on principal adds $1,071/yr while 5% annual appreciation supports $45,835 over five years. Portfolio math shows five-year ROI at 104.66% and total cumulative return in cash at $57,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,105/mo property income against a $812/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1940
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49820, Curtis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 596 (100%) |
| Owner Occupied HU | 225 (37.8%) |
| Renter Occupied HU | 25 ( 4.2%) |
| Vacant Housing Units | 346 (58.1%) |
| Median Home Value | $267,045 |
| Average Home Value | $270,400 |
Housing Distribution
Address Breakdown
Residential
89
Single Family
89
Multi-Family
0
Businesses
47
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Nearby investment properties with comparable prices
Listed by: Betsy Pollaski • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-633
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.