11681 N Meridian RdPleasant LakeMI49272
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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 Pleasant Lake at 11681 N Meridian Rd, Pleasant Lake, MI, 49272 uses $69,582 cash to close to unlock $1,334/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $1,495/mo, and a $1,027/mo payment keeps the spread at $111/mo. Purchase price stands at $209,900, and rental yield measures 8.55% with $1,495/mo rent. Return on cash invested shows 21.83% in year one, and 5% annual appreciation builds toward $57,992 over five years. Five-year ROI reaches 113.71% and total cumulative return in cash records $79,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,495/mo property income covering a $1,027/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.33 Acres lot
$N/A/sqft
No HOA
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Listed by: Trey Waldofsky • Sproat Realty Professionals-J
Mls Name: MichRIC
Mls ID: #25053220