11538 King Rd SEFife LakeMI49633
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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 Fife Lake at 11538 King Rd SE, Fife Lake, MI, 49633 generates $4,027/mo in rent and, after a $1,615/mo payment, leaves $1,851/mo in cash flow. Total monthly income is $4,027/mo, and annual cash flow is $22,214/yr on $109,362 invested. Return on cash invested sits at 40.22% in year one, and rental yield is 14.65% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 212.34% and total cumulative return in cash sums $232,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,027/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49633, Fife Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,597 (100%) |
| Owner Occupied HU | 1,542 (59.4%) |
| Renter Occupied HU | 193 ( 7.4%) |
| Vacant Housing Units | 862 (33.2%) |
| Median Home Value | $229,213 |
| Average Home Value | $271,318 |
Housing Distribution
Address Breakdown
Residential
1,837
Single Family
1,837
Multi-Family
0
Businesses
66
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Listed by: Rick Matley • The Difference Real Estate
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926244
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.