11149 Perch Lake Dr WCement CityMI49233
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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 Cement City at 11149 Perch Lake Dr W, Cement City, MI, 49233 generates $3,232/mo in rent, after a $2,447/mo payment. Total monthly income is $3,232/mo. Return on cash invested sits at 19.27% in year one, and rental yield is 7.76% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 100.04% and total cumulative return in cash sums $165,812. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,232/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.37 Acres lot
$N/A/sqft
$275 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49233, Cement City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,126 (76.3%) |
| Renter Occupied HU | 101 ( 6.8%) |
| Vacant Housing Units | 248 (16.8%) |
| Median Home Value | $287,644 |
| Average Home Value | $316,241 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,316
Multi-Family
0
Businesses
48
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Listed by: Elena Krumrei • KW Realty Livingston
Mls Name: MichRIC
Mls Provider:
Mls ID: #24048080
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.