1944 West StCentral LakeMI49622
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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 Central Lake at 1944 West St, Central Lake, MI, 49622 uses $56,322 cash to close to unlock $2,534/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $1,332/mo, and a $832/mo payment keeps the spread at $211/mo. Purchase price stands at $169,900, and rental yield measures 9.41% with $1,332/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 127.61% and total cumulative return in cash records $71,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,332/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
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Listed by: Jennifer Burr • Coldwell Banker Boyne City
Mls Name: NGLRMLS
Mls ID: #1939947