1981 S Lake Mitchell DrCadillacMI49601
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cadillac at 1981 S Lake Mitchell Dr, Cadillac, MI, 49601 at $206,000 posts ROI 28.27% with $476/mo cash flow from $1,834/mo rent. Total monthly income equals $1,834/mo, and annual cash flow records $5,710/yr on $68,289 to close. Return on cash invested measures 28.27% and rental yield reads 10.68% at the current $206,000. Equity gained on principal adds $1,329/yr, and 5% annual appreciation supports $56,914 by year five. Five-year ROI prints 148.22% and total cumulative return in cash totals $101,216.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,834/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
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Listed by: Rebekka Crawford • ERA Greater North Properties
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933242
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.