W Turner RdFelchMI49831
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
Rental property for sale in Felch at W Turner Rd, Felch, MI, 49831 offers $2,478/mo rent that, after a $1,174/mo payment, leaves $896/mo cash flow. Total monthly income is $2,478/mo, and annual cash flow is $10,754/yr on $79,527 cash. Return on cash invested measures 33.43% in year one, and rental yield stands at 12.4% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 175.93% and total cumulative return in cash reaches $139,915. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,478/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49831, Felch, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 468 (100%) |
| Owner Occupied HU | 247 (52.8%) |
| Renter Occupied HU | 18 ( 3.8%) |
| Vacant Housing Units | 203 (43.4%) |
| Median Home Value | $206,618 |
| Average Home Value | $226,700 |
Housing Distribution
Address Breakdown
Residential
328
Single Family
328
Multi-Family
0
Businesses
10
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Nearby investment properties with comparable prices
Listed by: RYAN GORDON • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50151738
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.