1198 W Intermediate Lake RdCentral LakeMI49622
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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 Central Lake at 1198 W Intermediate Lake Rd, Central Lake, MI, 49622 listed at $999,900 pairs $0/mo rent with a $4,894/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -3.99% in year one, and rental yield registers 0% at a $999,900 basis. Equity gained on principal adds $6,452/yr, and annual property appreciation at 5% supports $276,254 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $4,894/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
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No similar rental properties found nearby.
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Listed by: Matthew Crane • Berkshire Hathaway Homeservices - TC
Mls Name: NGLRMLS
Mls ID: #1934440