1198 S Lake St UNIT 101WhitehallMI49461
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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 Whitehall at 1198 S Lake St UNIT 101, Whitehall, MI, 49461 earns from $2,683/mo rent with a $2,320/mo payment. Total monthly income totals $2,683/mo. ROI tracks 16.53% on current figures, and rental yield reads 6.79% at a $474,000 purchase. Equity gained on principal adds $3,059/yr, and 5% annual appreciation supports $130,957 over five years. Five-year ROI reaches 85.26% and total cumulative return in cash sums $133,973. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,683/mo property income instead of your personal income.
Condo
Built in 1986
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49461, Whitehall, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,152 (100%) |
| Owner Occupied HU | 3,114 (75.0%) |
| Renter Occupied HU | 533 (12.8%) |
| Vacant Housing Units | 505 (12.2%) |
| Median Home Value | $262,468 |
| Average Home Value | $328,917 |
Housing Distribution
Address Breakdown
Residential
4,150
Single Family
3,978
Multi-Family
172
Businesses
272
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