11399 N Six Lakes RdSix LakesMI48886
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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 Six Lakes at 11399 N Six Lakes Rd, Six Lakes, MI, 48886 uses $86,190 cash to close to unlock $6,540/yr annual cash flow and $545/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,273/mo payment keeps the spread at $545/mo. Purchase price stands at $260,000, and rental yield measures 10.43% with $2,260/mo rent. Return on cash invested shows 27.5% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 144.05% and total cumulative return in cash records $124,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1996
2.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48886, Six Lakes, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 842 (63.2%) |
| Renter Occupied HU | 115 ( 8.6%) |
| Vacant Housing Units | 376 (28.2%) |
| Median Home Value | $200,938 |
| Average Home Value | $213,625 |
Housing Distribution
Address Breakdown
Residential
946
Single Family
946
Multi-Family
0
Businesses
35
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