10380 Maple View DrCentral LakeMI49622
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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 Central Lake at 10380 Maple View Dr, Central Lake, MI, 49622 earns $784/mo cash flow from $3,946/mo rent with a $2,325/mo payment. Total monthly income totals $3,946/mo, and annual cash flow totals $9,402/yr on $157,463 capital. ROI tracks 25.88% on current figures, and rental yield reads 9.97% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 135.48% and total cumulative return in cash sums $213,331. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,946/mo property income instead of your personal income.
Single Family
Built in 2000
1.94 Acres lot
$N/A/sqft
$360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
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Listed by: Eric Levanduski • REMAX Bayshore - W Bay Shore Dr TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927025
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.