1785 N Shore DrWalloon LakeMI49796
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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 Walloon Lake at 1785 N Shore Dr, Walloon Lake, MI, 49796 listed at $749,000 pairs $1,662/mo rent with a $3,666/mo payment. Total monthly income runs $1,662/mo. Return on cash invested measures 4.1% in year one, and rental yield registers 2.66% at a $749,000 basis. Equity gained on principal adds $4,833/yr, and annual property appreciation at 5% supports $206,935 by year five. Five-year ROI tracks 18.57% and total cumulative return in cash totals $45,760. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,662/mo property income relative to a $3,666/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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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.