11008 Corey Lake RdThree RiversMI49093
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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 Three Rivers at 11008 Corey Lake Rd, Three Rivers, MI, 49093 offers a 4.47% rental yield on a $699,000 purchase with $2,602/mo rent. 59% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 47.99% and total cumulative return in cash at $110,354. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,602/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1983
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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Listed by: Cynthia Trapp • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls ID: #25052065