150 N East Mullett Lake RdIndian RiverMI49749
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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 Indian River at 150 N East Mullett Lake Rd, Indian River, MI, 49749 offers $2,972/mo rent that, after a $2,937/mo payment. Total monthly income is $2,972/mo. Return on cash invested measures 14.07% in year one, and rental yield stands at 5.94% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 72.04% and total cumulative return in cash reaches $142,200. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,972/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
5.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: Lisa Bender • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251057148