10311 SE Torch Lake DrAldenMI49612
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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 Alden at 10311 SE Torch Lake Dr, Alden, MI, 49612 generates $2,338/mo in rent, after a $3,866/mo payment. Total monthly income is $2,338/mo. Return on cash invested sits at 6.8% in year one, and rental yield is 3.55% on a $789,900 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation builds toward $218,235 over five years. Five-year ROI reaches 33.08% and total cumulative return in cash sums $85,973. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,338/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49612, Alden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 463 (55.6%) |
| Renter Occupied HU | 49 ( 5.9%) |
| Vacant Housing Units | 320 (38.5%) |
| Median Home Value | $283,500 |
| Average Home Value | $410,329 |
Housing Distribution
Address Breakdown
Residential
533
Single Family
533
Multi-Family
0
Businesses
52
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