Off N River Edge Dr PARCEL 4CheboyganMI49721
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 Cheboygan at Off N River Edge Dr PARCEL 4, Cheboygan, MI, 49721 at $149,000 posts ROI 24.47% with $188/mo cash flow from $1,170/mo rent. Total monthly income equals $1,170/mo, and annual cash flow records $2,252/yr on $49,394 to close. Return on cash invested measures 24.47% and rental yield reads 9.42% at the current $149,000. Equity gained on principal adds $961/yr, and 5% annual appreciation supports $41,166 by year five. Five-year ROI prints 127.85% and total cumulative return in cash totals $63,148.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,170/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
2.90 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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