10590 N Hayes LnCarp LakeMI49718
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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 Carp Lake at 10590 N Hayes Ln, Carp Lake, MI, 49718 generates $2,574/mo in rent and, after a $1,573/mo payment, leaves $455/mo in cash flow. Total monthly income is $2,574/mo, and annual cash flow is $5,457/yr on $106,511 invested. Return on cash invested sits at 25.03% in year one, and rental yield is 9.61% on a $321,300 entry. Equity gained on principal adds $2,073/yr, while 5% annual appreciation builds toward $88,769 over five years. Five-year ROI reaches 130.85% and total cumulative return in cash sums $139,371. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,574/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49718, Carp Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 314 (39.4%) |
| Renter Occupied HU | 61 ( 7.7%) |
| Vacant Housing Units | 421 (52.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $330,669 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
22
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