10429 Garfield AveLakeMI48632
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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 at 10429 Garfield Ave, Lake, MI, 48632 uses $64,477 cash to close to unlock $6,880/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $1,856/mo, and a $952/mo payment keeps the spread at $573/mo. Purchase price stands at $194,500, and rental yield measures 11.45% with $1,856/mo rent. Return on cash invested shows 30.58% in year one, and 5% annual appreciation builds toward $53,737 over five years. Five-year ROI reaches 160.65% and total cumulative return in cash records $103,581. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,856/mo property income covering a $952/mo payment rather than investor’s personal income.
Single Family
Built in 2010
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48632, Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,897 (100%) |
| Owner Occupied HU | 2,161 (44.1%) |
| Renter Occupied HU | 327 ( 6.7%) |
| Vacant Housing Units | 2,409 (49.2%) |
| Median Home Value | $154,104 |
| Average Home Value | $203,006 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,852
Multi-Family
0
Businesses
42
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