13261 Erdman RdBear LakeMI49614
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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 Bear Lake at 13261 Erdman Rd, Bear Lake, MI, 49614 offers a 10.93% rental yield on a $685,000 purchase with $6,238/mo rent. Total monthly income registers $6,238/mo, and a $3,353/mo payment leaves $1,721/mo available for distribution. Annual cash flow reaches $20,646/yr on $225,365 to close, and return on cash invested stands at 29.22% in year one. Equity gained on principal adds $4,420/yr while 5% annual appreciation supports $189,253 over five years. Portfolio math shows five-year ROI at 153.28% and total cumulative return in cash at $345,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,238/mo property income against a $3,353/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
22.59 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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