10920 Dwight StChippewa LakeMI49320
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 10920 Dwight St, Chippewa Lake, MI, 49320 earns $205/mo cash flow from $1,688/mo rent with a $1,101/mo payment. Total monthly income totals $1,688/mo, and annual cash flow totals $2,454/yr on $74,588 capital. ROI tracks 23.2% on current figures, and rental yield reads 9% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 121.05% and total cumulative return in cash sums $90,285. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,688/mo property income instead of your personal income.
Single Family
Built in 1940
2.97 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Jane • Chris Jane Sells Houses
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025090
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.