10585 Us Highway 31InterlochenMI49643
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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 Interlochen at 10585 Us Highway 31, Interlochen, MI, 49643 earns $762/mo cash flow from $2,575/mo rent with a $1,346/mo payment. Total monthly income totals $2,575/mo, and annual cash flow totals $9,138/yr on $91,163 capital. ROI tracks 29.93% on current figures, and rental yield reads 11.24% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 157.14% and total cumulative return in cash sums $143,255. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,575/mo property income instead of your personal income.
Single Family
Built in 1950
2.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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Listed by: Gordon Hodges • REO-TCFront-233021
Mls Name: NGLRMLS
Mls ID: #1936822