1397 N Chip Lake RdGermfaskMI49836
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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 Germfask at 1397 N Chip Lake Rd, Germfask, MI, 49836 priced at $278,700 converts $1,432/mo rent into after a $1,364/mo obligation. Total monthly income equals $1,432/mo. Return on cash invested prints 14.64% in year one, and rental yield reads 6.17% against a $278,700 entry. Equity gained on principal adds $1,798/yr, while 5% annual appreciation compiles into $77,000 by year five. Five-year ROI reaches 75.15% and total cumulative return in cash sums $69,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,432/mo property income covering a $1,364/mo payment, not borrower’s personal income.
Single Family
Built in 2005
2.90 Acres lot
$N/A/sqft
No HOA
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Listed by: STACEY MASTERS • RE/MAX SUPERIORLAND
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50170123
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