15593 Spear RdLake AnnMI49650
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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 Ann at 15593 Spear Rd, Lake Ann, MI, 49650 offers a 2.17% rental yield on a $1,425,000 purchase with $2,574/mo rent. 63% in year one. Equity gained on principal adds $9,195/yr while 5% annual appreciation supports $393,701 over five years. Portfolio math shows five-year ROI at 10.66% and total cumulative return in cash at $49,208. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,574/mo property income against a $6,975/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
8.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49650, Lake Ann, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,579 (100%) |
| Owner Occupied HU | 1,225 (77.6%) |
| Renter Occupied HU | 93 ( 5.9%) |
| Vacant Housing Units | 261 (16.5%) |
| Median Home Value | $249,922 |
| Average Home Value | $283,304 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
75
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