W12279 E River RdNaubinwayMI49762
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 Naubinway at W12279 E River Rd, Naubinway, MI, 49762 uses $75,914 cash to close to unlock $9,788/yr annual cash flow and $816/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,121/mo payment keeps the spread at $816/mo. Purchase price stands at $229,000, and rental yield measures 12.19% with $2,326/mo rent. Return on cash invested shows 32.8% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 172.53% and total cumulative return in cash records $130,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1970
1.21 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Natalie King • COLDWELL BANKER SCHMIDT - CEDARVILLE
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-583
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.