13748 Yankee RdOttawa LakeMI49267
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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 Ottawa Lake at 13748 Yankee Rd, Ottawa Lake, MI, 49267 uses $72,897 cash to close to unlock $1,730/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $1,594/mo, and a $1,076/mo payment keeps the spread at $144/mo. Purchase price stands at $219,900, and rental yield measures 8.7% with $1,594/mo rent. Return on cash invested shows 22.28% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 116.16% and total cumulative return in cash records $84,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,594/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49267, Ottawa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,537 (83.9%) |
| Renter Occupied HU | 203 (11.1%) |
| Vacant Housing Units | 91 ( 5.0%) |
| Median Home Value | $311,960 |
| Average Home Value | $355,325 |
Housing Distribution
Address Breakdown
Residential
1,645
Single Family
1,645
Multi-Family
0
Businesses
102
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Listed by: Jacob Levicki • eXp Realty LLC in Monroe
Mls Name: MiRealSource
Mls ID: #50190172