W 17989 Us #2Gould CityMI49838
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 Gould City at W 17989 Us #2, Gould City, MI, 49838 earns $1,350/mo cash flow from $2,339/mo rent with a $734/mo payment. Total monthly income totals $2,339/mo, and annual cash flow totals $16,202/yr on $49,692 capital. ROI tracks 52.51% on current figures, and rental yield reads 18.72% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 278.31% and total cumulative return in cash sums $138,299. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,339/mo property income instead of your personal income.
Single Family
Built in 1970
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49838, Gould City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 454 (100%) |
| Owner Occupied HU | 178 (39.2%) |
| Renter Occupied HU | 30 ( 6.6%) |
| Vacant Housing Units | 246 (54.2%) |
| Median Home Value | $253,846 |
| Average Home Value | $273,230 |
Housing Distribution
Address Breakdown
Residential
193
Single Family
193
Multi-Family
0
Businesses
12
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Nearby investment properties with comparable prices
Listed by: Marissa Metcalf • Cummings-McCraney
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-542
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.