18C Brook HlGlen ArborMI49636
Nearby investment properties with comparable rents
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 Glen Arbor at 18C Brook Hl, Glen Arbor, MI, 49636 priced at $105,000 pairs $2,633/mo rent with $1,682/mo cash flow after a $514/mo payment. Total monthly income equals $2,633/mo, and annual cash flow comes to $20,178/yr on $34,808 invested. Return on cash invested is 77.88% in year one, and rental yield stands at 30.09% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 417.54% and total cumulative return in cash reaches $145,334. For financing, Ziffy Mortgage’s DSCR program evaluates $2,633/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
$3,108 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49636, Glen Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 171 (25.4%) |
| Renter Occupied HU | 8 ( 1.2%) |
| Vacant Housing Units | 494 (73.4%) |
| Median Home Value | $878,125 |
| Average Home Value | $1,075,073 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
84
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Listed by: Diane Kemp • Resort Realty at the Homestead
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923380
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.