Off N River Edge Dr PARCEL 2CheboyganMI49721
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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
Investment property for sale in Cheboygan at Off N River Edge Dr PARCEL 2, Cheboygan, MI, 49721 uses $49,394 cash to close to unlock $2,252/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,170/mo, and a $729/mo payment keeps the spread at $188/mo. Purchase price stands at $149,000, and rental yield measures 9.42% with $1,170/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 127.85% and total cumulative return in cash records $63,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,170/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49721, Cheboygan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 5,139 (56.9%) |
| Renter Occupied HU | 1,234 (13.7%) |
| Vacant Housing Units | 2,655 (29.4%) |
| Median Home Value | $222,067 |
| Average Home Value | $297,208 |
Housing Distribution
Address Breakdown
Residential
7,068
Single Family
6,759
Multi-Family
309
Businesses
534
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