W 1862nd #M-28SeneyMI49883
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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 Seney at W 1862nd #M-28, Seney, MI, 49883 earns from $0/mo rent with a $808/mo payment. Total monthly income totals $0/mo. ROI tracks -3.97% on current figures, and rental yield reads 0% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Single Family
Built in 1957
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49883, Seney, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 51 (21.2%) |
| Renter Occupied HU | 6 ( 2.5%) |
| Vacant Housing Units | 184 (76.3%) |
| Median Home Value | $201,786 |
| Average Home Value | $211,373 |
Housing Distribution
Address Breakdown
Residential
23
Single Family
23
Multi-Family
0
Businesses
11
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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Rick Capogrossa • Cap's Grand Marais Bucket List Realty
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-744
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.