1961 E Goose Lake RdJonesvilleMI49250
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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
Rental property for sale in Jonesville at 1961 E Goose Lake Rd, Jonesville, MI, 49250 offers $1,880/mo rent that, after a $1,003/mo payment, leaves $529/mo cash flow. Total monthly income is $1,880/mo, and annual cash flow is $6,342/yr on $67,958 cash. Return on cash invested measures 29.24% in year one, and rental yield stands at 11% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 153.44% and total cumulative return in cash reaches $104,274. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,880/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2005
4.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49250, Jonesville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,553 (100%) |
| Owner Occupied HU | 1,922 (75.3%) |
| Renter Occupied HU | 433 (17.0%) |
| Vacant Housing Units | 198 ( 7.8%) |
| Median Home Value | $174,771 |
| Average Home Value | $201,833 |
Housing Distribution
Address Breakdown
Residential
2,436
Single Family
2,262
Multi-Family
174
Businesses
186
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Listed by: Megan Koch • Key Realty One, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25017245
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.