N9606 Number 24 LANEStephensonMI49887
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 N9606 Number 24 LANE, Stephenson, MI, 49887 listed at $168,900 pairs $1,044/mo rent with a $827/mo payment. Total monthly income runs $1,044/mo. Return on cash invested measures 18.41% in year one, and rental yield registers 7.42% at a $168,900 basis. Equity gained on principal adds $1,090/yr, and annual property appreciation at 5% supports $46,664 by year five. Five-year ROI tracks 95.33% and total cumulative return in cash totals $53,376. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,044/mo property income relative to a $827/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.37 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: Darrin Robison • JD 1st Real Estate, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1910301
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.