20139 Cogger AveChippewa LakeMI49320
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow20139 Cogger Ave, Chippewa Lake, MI, 49320 in Chippewa Lake is a top-tier cash-flow asset. At $204,500 it produces $1,913/mo in rent and $564/mo in net monthly income, a 11.22% gross rental yield. The DSCR of 2.08 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $6,771. Five-year appreciation adds $56,500, driving a total cumulative return of $114,228.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.0% |
| Monthly Cash Flow | $564 | $800 |
City averages based on Chippewa Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,913 |
| Total Monthly Debt Service | $1,267 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49320, Chippewa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 247 (100%) |
| Owner Occupied HU | 98 (39.7%) |
| Renter Occupied HU | 13 ( 5.3%) |
| Vacant Housing Units | 136 (55.1%) |
| Median Home Value | $146,667 |
| Average Home Value | $205,689 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
10
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
Single Family
Built in 1950
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49320, Chippewa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 247 (100%) |
| Owner Occupied HU | 98 (39.7%) |
| Renter Occupied HU | 13 ( 5.3%) |
| Vacant Housing Units | 136 (55.1%) |
| Median Home Value | $146,667 |
| Average Home Value | $205,689 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
10
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Colton Rine • Five Star Real Estate (Grandv)
Mls Name: MichRIC
Mls ID: #26006205