18020 Lake RdPelkieMI49958
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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 Pelkie at 18020 Lake Rd, Pelkie, MI, 49958 listed at $155,564 pairs $1,717/mo rent with a $761/mo payment to leave $692/mo cash flow. Total monthly income runs $1,717/mo, and annual cash flow reaches $8,298/yr on $51,569 cash to close. Return on cash invested measures 36% in year one, and rental yield registers 13.24% at a $155,564 basis. Equity gained on principal adds $1,004/yr, and annual property appreciation at 5% supports $42,979 by year five. Five-year ROI tracks 189.7% and total cumulative return in cash totals $97,825. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,717/mo property income relative to a $761/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49958, Pelkie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 986 (100%) |
| Owner Occupied HU | 534 (54.2%) |
| Renter Occupied HU | 51 ( 5.2%) |
| Vacant Housing Units | 401 (40.7%) |
| Median Home Value | $181,000 |
| Average Home Value | $241,695 |
Housing Distribution
Address Breakdown
Residential
567
Single Family
567
Multi-Family
0
Businesses
24
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