12218 7th StBear LakeMI49614
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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
Investment property for sale in Bear Lake at 12218 7th St, Bear Lake, MI, 49614 earns from $1,314/mo rent with a $1,145/mo payment. Total monthly income totals $1,314/mo. ROI tracks 16.37% on current figures, and rental yield reads 6.74% at a $234,000 purchase. Equity gained on principal adds $1,510/yr, and 5% annual appreciation supports $64,650 over five years. Five-year ROI reaches 84.45% and total cumulative return in cash sums $65,511. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,314/mo property income instead of your personal income.
Multi Family
Built in 1990
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49614, Bear Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,169 (59.8%) |
| Renter Occupied HU | 108 ( 5.5%) |
| Vacant Housing Units | 677 (34.6%) |
| Median Home Value | $254,448 |
| Average Home Value | $296,373 |
Housing Distribution
Address Breakdown
Residential
1,406
Single Family
1,405
Multi-Family
1
Businesses
67
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Nearby investment properties with comparable prices
Listed by: John Judge • Coldwell Banker Schmidt-Benzie
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922845
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.