1392 N Intermediate Lake RdCentral 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
Investment property for sale in Central Lake at 1392 N Intermediate Lake Rd, Central Lake, MI, 49622 listed at $439,000 pairs $2,450/mo rent with a $2,149/mo payment. Total monthly income runs $2,450/mo. Return on cash invested measures 16.24% in year one, and rental yield registers 6.7% at a $439,000 basis. Equity gained on principal adds $2,833/yr, and annual property appreciation at 5% supports $121,288 by year five. Five-year ROI tracks 83.68% and total cumulative return in cash totals $121,784. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,450/mo property income relative to a $2,149/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
2 Acres 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: Walt Mann • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls ID: #1941501