10215 Elk Lake RdWilliamsburgMI49690
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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
Rental property for sale in Williamsburg at 10215 Elk Lake Rd, Williamsburg, MI, 49690 generates $4,771/mo in rent, after a $5,629/mo payment. Total monthly income is $4,771/mo. Return on cash invested sits at 11.31% in year one, and rental yield is 4.98% on a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 57.17% and total cumulative return in cash sums $213,033. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,771/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
4.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49690, Williamsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,990 (100%) |
| Owner Occupied HU | 2,399 (60.1%) |
| Renter Occupied HU | 406 (10.2%) |
| Vacant Housing Units | 1,185 (29.7%) |
| Median Home Value | $425,281 |
| Average Home Value | $582,253 |
Housing Distribution
Address Breakdown
Residential
3,146
Single Family
3,017
Multi-Family
129
Businesses
198
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Listed by: Ben Street • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls ID: #1932284