0 W Cedar Lake RdGreenbushMI48738
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 Greenbush at 0 W Cedar Lake Rd, Greenbush, MI, 48738 offers $1,218/mo rent that, after a $734/mo payment, leaves $229/mo cash flow. Total monthly income is $1,218/mo, and annual cash flow is $2,750/yr on $49,692 cash. Return on cash invested measures 25.44% in year one, and rental yield stands at 9.75% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 133.15% and total cumulative return in cash reaches $66,167. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,218/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
12.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48738, Greenbush, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,364 (100%) |
| Owner Occupied HU | 481 (35.3%) |
| Renter Occupied HU | 55 ( 4.0%) |
| Vacant Housing Units | 828 (60.7%) |
| Median Home Value | $197,426 |
| Average Home Value | $244,740 |
Housing Distribution
Address Breakdown
Residential
707
Single Family
694
Multi-Family
13
Businesses
29
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Nearby investment properties with comparable prices
Listed by: Ken Vinstra • REAL ESTATE ONE NORTHEAST
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923444
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.