Vonzellan DrSkaneeMI49962
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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 Skanee at Vonzellan Dr, Skanee, MI, 49962 with 5% annual appreciation on a $149,000 basis while $1,450/mo rent supports operations. Total monthly income totals $1,450/mo and a $729/mo payment preserves $468/mo for cash returns. Annual cash flow comes to $5,612/yr on $49,394 deployed, and return on cash invested reaches 31.27% in year one. Equity gained on principal adds $961/yr, and five-year appreciation sums $41,166 alongside rental yield of 11.68%. Five-year ROI measures 164.34% and total cumulative return in cash totals $81,172.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,450/mo property income versus a $729/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Lot
Built in N/A
10.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49962, Skanee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 459 (100%) |
| Owner Occupied HU | 136 (29.6%) |
| Renter Occupied HU | 13 ( 2.8%) |
| Vacant Housing Units | 310 (67.5%) |
| Median Home Value | $230,000 |
| Average Home Value | $254,063 |
Housing Distribution
Address Breakdown
Residential
162
Single Family
162
Multi-Family
0
Businesses
4
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Listed by: ANNIE CRANFORD • UP NORTH REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50142748
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.