S Coryell IsCedarvilleMI49719
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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 Cedarville at S Coryell Is, Cedarville, MI, 49719 listed at $120,000 pairs $1,994/mo rent with a $587/mo payment to leave $1,203/mo cash flow. Total monthly income runs $1,994/mo, and annual cash flow reaches $14,436/yr on $39,780 cash to close. Return on cash invested measures 56.2% in year one, and rental yield registers 19.94% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 297.97% and total cumulative return in cash totals $118,531. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,994/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Lot
Built in N/A
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49719, Cedarville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 573 (33.1%) |
| Renter Occupied HU | 73 ( 4.2%) |
| Vacant Housing Units | 1,084 (62.7%) |
| Median Home Value | $313,983 |
| Average Home Value | $367,229 |
Housing Distribution
Address Breakdown
Residential
615
Single Family
615
Multi-Family
0
Businesses
94
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Nearby investment properties with comparable prices
Listed by: Kimberly Sue Haveman • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-570
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.