1940 Third Lake RdSaint HelenMI48656
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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 Saint Helen at 1940 Third Lake Rd, Saint Helen, MI, 48656 earns from $2,240/mo rent with a $8,565/mo payment. Total monthly income totals $2,240/mo. ROI tracks 0.69% on current figures, and rental yield reads 1.54% at a $1,750,000 purchase. Equity gained on principal adds $11,292/yr, and 5% annual appreciation supports $483,493 over five years. Five-year ROI reaches 0.21% and total cumulative return in cash sums $1,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,240/mo property income instead of your personal income.
Single Family
Built in N/A
464.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48656, Saint Helen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,748 (100%) |
| Owner Occupied HU | 1,657 (44.2%) |
| Renter Occupied HU | 312 ( 8.3%) |
| Vacant Housing Units | 1,779 (47.5%) |
| Median Home Value | $123,157 |
| Average Home Value | $172,382 |
Housing Distribution
Address Breakdown
Residential
2,300
Single Family
2,293
Multi-Family
7
Businesses
91
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Nearby investment properties with comparable prices
Listed by: Laura Corpe • KW Northern Michigan Team Partners
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832383
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