Off N River Edge Dr PARCEL 3CheboyganMI49721
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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
Rental property for sale in Cheboygan at Off N River Edge Dr PARCEL 3, Cheboygan, MI, 49721 priced at $149,000 pairs $1,422/mo rent with $440/mo cash flow after a $729/mo payment. Total monthly income equals $1,422/mo, and annual cash flow comes to $5,276/yr on $49,394 invested. Return on cash invested is 30.59% in year one, and rental yield stands at 11.45% on a $149,000 basis. Equity gained on principal adds $961/yr, and 5% annual appreciation accumulates to $41,166 by year five. Five-year ROI measures 160.69% and total cumulative return in cash reaches $79,372. For financing, Ziffy Mortgage’s DSCR program evaluates $1,422/mo property income against a $729/mo payment instead of your W2s, 1099s, or Tax returns.
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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