10219 Island Lake DrTaylorMI48180
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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 Taylor at 10219 Island Lake Dr, Taylor, MI, 48180 offers a 11% rental yield on a $355,900 purchase with $3,263/mo rent. Total monthly income registers $3,263/mo, and a $1,742/mo payment leaves $916/mo available for distribution. Annual cash flow reaches $10,992/yr on $117,981 to close, and return on cash invested stands at 29.23% in year one. Equity gained on principal adds $2,297/yr while 5% annual appreciation supports $98,329 over five years. Portfolio math shows five-year ROI at 153.31% and total cumulative return in cash at $180,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,263/mo property income against a $1,742/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48180, Taylor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,679 (100%) |
| Owner Occupied HU | 17,077 (64.0%) |
| Renter Occupied HU | 8,636 (32.4%) |
| Vacant Housing Units | 966 ( 3.6%) |
| Median Home Value | $164,884 |
| Average Home Value | $204,436 |
Housing Distribution
Address Breakdown
Residential
26,247
Single Family
25,187
Multi-Family
1,060
Businesses
1,727
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