N9035 Gustafson RdStephensonMI49887
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 Stephenson at N9035 Gustafson Rd, Stephenson, MI, 49887 offers a 9.13% rental yield on a $189,500 purchase with $1,442/mo rent. Total monthly income registers $1,442/mo, and a $928/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,302/yr on $62,819 to close, and return on cash invested stands at 23.57% in year one. Equity gained on principal adds $1,223/yr while 5% annual appreciation supports $52,355 over five years. Portfolio math shows five-year ROI at 123.04% and total cumulative return in cash at $77,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,442/mo property income against a $928/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
8.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49887, Stephenson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,628 (100%) |
| Owner Occupied HU | 890 (54.7%) |
| Renter Occupied HU | 196 (12.0%) |
| Vacant Housing Units | 542 (33.3%) |
| Median Home Value | $172,000 |
| Average Home Value | $190,742 |
Housing Distribution
Address Breakdown
Residential
1,034
Single Family
989
Multi-Family
45
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristin Ferguson • Broadway Real Estate
Mls Name: RANW
Mls ID: #50316956