1683 White Oak 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
Rental property for sale in Interlochen at 1683 White Oak Ln, Interlochen, MI, 49643 priced at $615,000 pairs $4,962/mo rent with $907/mo cash flow after a $3,010/mo payment. Total monthly income equals $4,962/mo, and annual cash flow comes to $10,878/yr on $202,335 invested. Return on cash invested is 25.44% in year one, and rental yield stands at 9.68% on a $615,000 basis. Equity gained on principal adds $3,969/yr, and 5% annual appreciation accumulates to $169,913 by year five. Five-year ROI measures 132.99% and total cumulative return in cash reaches $269,081. For financing, Ziffy Mortgage’s DSCR program evaluates $4,962/mo property income against a $3,010/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
1.02 Acres lot
$N/A/sqft
No 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: Renee Rosa • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1937650