136 S IntermediateCentral 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
Total monthly income runs $3,379/mo, and a $3,646/mo payment. Purchase price stands at $745,000, and rental yield measures 5.44% with $3,379/mo rent. Return on cash invested shows 12.55% in year one, and 5% annual appreciation builds toward $205,830 over five years. Five-year ROI reaches 63.89% and total cumulative return in cash records $156,608. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,379/mo property income covering a $3,646/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A 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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Listed by: Brent Kaskinen • REO - Bellaire
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #473708
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.