Sunset Dr LOT 1NegauneeMI49866
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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
Rental property for sale in Negaunee at Sunset Dr LOT 1, Negaunee, MI, 49866 offers $1,500/mo rent that, after a $1,786/mo payment. Total monthly income is $1,500/mo. Return on cash invested measures 10.73% in year one, and rental yield stands at 4.93% at a $364,900 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,815 by year five. Five-year ROI records 54.21% and total cumulative return in cash reaches $65,580. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.64 Acres lot
$N/A/sqft
$233 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49866, Negaunee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,724 (100%) |
| Owner Occupied HU | 2,777 (74.6%) |
| Renter Occupied HU | 591 (15.9%) |
| Vacant Housing Units | 356 ( 9.6%) |
| Median Home Value | $247,342 |
| Average Home Value | $287,764 |
Housing Distribution
Address Breakdown
Residential
3,464
Single Family
3,274
Multi-Family
190
Businesses
249
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Listed by: DAWN FLORIO • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169082
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.