1018 Essex DrLake IsabellaMI48893
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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 Lake Isabella at 1018 Essex Dr, Lake Isabella, MI, 48893 earns from $2,357/mo rent with a $1,811/mo payment. Total monthly income totals $2,357/mo. ROI tracks 19.1% on current figures, and rental yield reads 7.64% at a $370,000 purchase. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 over five years. Five-year ROI reaches 99% and total cumulative return in cash sums $121,433. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,357/mo property income instead of your personal income.
Home Type Unknown
Built in 1995
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48893, Weidman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,644 (100%) |
| Owner Occupied HU | 1,977 (74.8%) |
| Renter Occupied HU | 203 ( 7.7%) |
| Vacant Housing Units | 464 (17.5%) |
| Median Home Value | $204,836 |
| Average Home Value | $235,420 |
Housing Distribution
Address Breakdown
Residential
2,409
Single Family
2,409
Multi-Family
0
Businesses
95
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Listed by: N/A • N/A
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Mls ID: #N/A