1550 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
Investment property for sale in Lake Leelanau at 1550 S French Rd, Lake Leelanau, MI, 49653 listed at $399,000 pairs $2,840/mo rent with a $1,953/mo payment to leave $209/mo cash flow. Total monthly income runs $2,840/mo, and annual cash flow reaches $2,504/yr on $132,269 cash to close. Return on cash invested measures 21.8% in year one, and rental yield registers 8.54% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 113.53% and total cumulative return in cash totals $150,158. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,840/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
8.69 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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Listed by: Jamie Jewell • Schaub Team Premier Realty
Mls Name: NGLRMLS
Mls ID: #1941264