16585 Oakum Ave NESand LakeMI49343
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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 Sand Lake at 16585 Oakum Ave NE, Sand Lake, MI, 49343 uses $51,383 cash to close to unlock $2,238/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $1,209/mo, and a $759/mo payment keeps the spread at $187/mo. Purchase price stands at $155,000, and rental yield measures 9.36% with $1,209/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 126.75% and total cumulative return in cash records $65,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,209/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49343, Sand Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,734 (100%) |
| Owner Occupied HU | 2,207 (80.7%) |
| Renter Occupied HU | 216 ( 7.9%) |
| Vacant Housing Units | 311 (11.4%) |
| Median Home Value | $283,652 |
| Average Home Value | $345,501 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,310
Multi-Family
30
Businesses
73
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