1631 Melody LnInterlochenMI49643
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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 Interlochen at 1631 Melody Ln, Interlochen, MI, 49643 listed at $342,400 pairs $2,488/mo rent with a $1,676/mo payment to leave $228/mo cash flow. Total monthly income runs $2,488/mo, and annual cash flow reaches $2,734/yr on $113,506 cash to close. Return on cash invested measures 22.32% in year one, and rental yield registers 8.72% at a $342,400 basis. Equity gained on principal adds $2,209/yr, and annual property appreciation at 5% supports $94,599 by year five. Five-year ROI tracks 116.29% and total cumulative return in cash totals $131,992. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,488/mo property income relative to a $1,676/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
1 Acres lot
$N/A/sqft
$25 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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Listed by: Matthew Dakoske • REMAX Bayshore - Union St TC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934730
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.