1440 W Howard City Edmore RdSix LakesMI48886
Nearby investment properties with comparable rents
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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 Six Lakes at 1440 W Howard City Edmore Rd, Six Lakes, MI, 48886 earns $180/mo cash flow from $1,661/mo rent with a $1,099/mo payment. Total monthly income totals $1,661/mo, and annual cash flow totals $2,164/yr on $74,422 capital. ROI tracks 22.82% on current figures, and rental yield reads 8.88% at a $224,500 purchase. Equity gained on principal adds $1,449/yr, and 5% annual appreciation supports $62,025 over five years. Five-year ROI reaches 119.01% and total cumulative return in cash sums $88,568. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,661/mo property income instead of your personal income.
Single Family
Built in 1993
4.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48886, Six Lakes, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 842 (63.2%) |
| Renter Occupied HU | 115 ( 8.6%) |
| Vacant Housing Units | 376 (28.2%) |
| Median Home Value | $200,938 |
| Average Home Value | $213,625 |
Housing Distribution
Address Breakdown
Residential
946
Single Family
946
Multi-Family
0
Businesses
35
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