190 Cable Lake RdAmasaMI49903
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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
Total monthly income runs $1,724/mo, and a $1,908/mo payment. Purchase price stands at $389,900, and rental yield measures 5.31% with $1,724/mo rent. Return on cash invested shows 12.05% in year one, and 5% annual appreciation builds toward $107,722 over five years. Five-year ROI reaches 61.23% and total cumulative return in cash records $79,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $1,908/mo payment rather than investor’s personal income.
Single Family
Built in 1983
5.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49903, Amasa, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 170 (100%) |
| Owner Occupied HU | 64 (37.6%) |
| Renter Occupied HU | 8 ( 4.7%) |
| Vacant Housing Units | 98 (57.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $279,648 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
15
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