1785 N Shore DrWalloon LakeMI49796
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 1785 N Shore Dr, Walloon Lake, MI, 49796 in Walloon Lake the bet is firmly on appreciation. Rental yield 2.66%. The 2.66% gross yield on a $749,000 price is below income-first thresholds, but 5%/yr value growth projects $206,935 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.49) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $74,436.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 6.0% |
| Monthly Cash Flow | $(3,277) | $200 |
City averages based on Walloon Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,662 |
| Total Monthly Debt Service | $4,641 |
| DSCR Ratio | 0.36x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Leavy • Kidd & Leavy Real Estate Co. LLC
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476504
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.