153 N Derenzy RdCentral LakeMI49622
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Central Lake at 153 N Derenzy Rd, Central Lake, MI, 49622 offers $1,706/mo rent that, after a $538/mo payment, leaves $981/mo cash flow. Total monthly income is $1,706/mo, and annual cash flow is $11,772/yr on $36,465 cash. Return on cash invested measures 52.19% in year one, and rental yield stands at 18.61% at a $110,000 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 276.49% and total cumulative return in cash reaches $100,824. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,706/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
6 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
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Listed by: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate
Mls ID: #477418