12377 Bair Lake St LOT 4JonesMI49061
Nearby investment properties with comparable rents
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 12377 Bair Lake St LOT 4, Jones, MI, 49061 generates $1,351/mo in rent and, after a $832/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,351/mo, and annual cash flow is $1,752/yr on $56,355 invested. Return on cash invested sits at 23.02% in year one, and rental yield is 9.54% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 120.67% and total cumulative return in cash sums $68,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,351/mo property income rather than buyer’s personal income.
Condo
Built in 2025
1,742 sqft lot
$N/A/sqft
$84 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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