10650 Lake StChippewa LakeMI49320
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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 Chippewa Lake at 10650 Lake St, Chippewa Lake, MI, 49320 listed at $359,900 pairs $1,663/mo rent with a $1,762/mo payment. Total monthly income runs $1,663/mo. Return on cash invested measures 12.76% in year one, and rental yield registers 5.54% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 65.06% and total cumulative return in cash totals $77,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,663/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49320, Chippewa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 247 (100%) |
| Owner Occupied HU | 98 (39.7%) |
| Renter Occupied HU | 13 ( 5.3%) |
| Vacant Housing Units | 136 (55.1%) |
| Median Home Value | $146,667 |
| Average Home Value | $205,689 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
10
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A