1435 S French RdLake LeelanauMI49653
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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 Lake Leelanau at 1435 S French Rd, Lake Leelanau, MI, 49653 generates $2,512/mo in rent, after a $8,717/mo payment. Total monthly income is $2,512/mo. Return on cash invested sits at 1.17% in year one, and rental yield is 1.69% on a $1,781,000 entry. Equity gained on principal adds $11,493/yr, while 5% annual appreciation builds toward $492,057 over five years. Five-year ROI reaches 2.8% and total cumulative return in cash sums $16,174. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,512/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
3.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49653, Lake Leelanau, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,490 (100%) |
| Owner Occupied HU | 806 (54.1%) |
| Renter Occupied HU | 125 ( 8.4%) |
| Vacant Housing Units | 559 (37.5%) |
| Median Home Value | $485,246 |
| Average Home Value | $640,037 |
Housing Distribution
Address Breakdown
Residential
882
Single Family
882
Multi-Family
0
Businesses
79
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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