12039 Bair Lake StJonesMI49061
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Nearby investment properties with comparable prices
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 Jones at 12039 Bair Lake St, Jones, MI, 49061 generates $3,473/mo in rent, after a $2,442/mo payment. Total monthly income is $3,473/mo. Return on cash invested sits at 17.61% in year one, and rental yield is 8.35% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 92.34% and total cumulative return in cash sums $152,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,473/mo property income rather than buyer’s personal income.
Single Family
Built in 1925
1.10 Acres lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49061, Jones, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 871 (100%) |
| Owner Occupied HU | 600 (68.9%) |
| Renter Occupied HU | 91 (10.4%) |
| Vacant Housing Units | 180 (20.7%) |
| Median Home Value | $247,222 |
| Average Home Value | $331,488 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
666
Multi-Family
0
Businesses
28
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