1499 Big Lake DrHopkinsMI49328
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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 Hopkins at 1499 Big Lake Dr, Hopkins, MI, 49328 generates $1,298/mo in rent and, after a $661/mo payment, leaves $408/mo in cash flow. Total monthly income is $1,298/mo, and annual cash flow is $4,890/yr on $44,753 invested. Return on cash invested sits at 30.84% in year one, and rental yield is 11.54% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 161.99% and total cumulative return in cash sums $72,493. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,298/mo property income rather than buyer’s personal income.
Manufactured
Built in 1971
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49328, Hopkins, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,641 (100%) |
| Owner Occupied HU | 1,370 (83.5%) |
| Renter Occupied HU | 177 (10.8%) |
| Vacant Housing Units | 94 ( 5.7%) |
| Median Home Value | $287,900 |
| Average Home Value | $313,617 |
Housing Distribution
Address Breakdown
Residential
1,771
Single Family
1,580
Multi-Family
191
Businesses
71
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