138 E Lake StSand LakeMI49343
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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
Rental property for sale in Sand Lake at 138 E Lake St, Sand Lake, MI, 49343 generates $2,930/mo in rent and, after a $1,517/mo payment, leaves $886/mo in cash flow. Total monthly income is $2,930/mo, and annual cash flow is $10,632/yr on $102,765 invested. Return on cash invested sits at 30.25% in year one, and rental yield is 11.34% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 158.85% and total cumulative return in cash sums $163,243. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,930/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49343, Sand Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,734 (100%) |
| Owner Occupied HU | 2,207 (80.7%) |
| Renter Occupied HU | 216 ( 7.9%) |
| Vacant Housing Units | 311 (11.4%) |
| Median Home Value | $283,652 |
| Average Home Value | $345,501 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,310
Multi-Family
30
Businesses
73
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