2050 S Main StCentral LakeMI49622
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 Central Lake at 2050 S Main St, Central Lake, MI, 49622 at $189,900 posts ROI 27.71% with $409/mo cash flow from $1,661/mo rent. Total monthly income equals $1,661/mo, and annual cash flow records $4,910/yr on $62,952 to close. Return on cash invested measures 27.71% and rental yield reads 10.5% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 145.26% and total cumulative return in cash totals $91,445.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,661/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
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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Nearby investment properties with comparable prices
Listed by: Jennifer Burr • Coldwell Banker Boyne City
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927491
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.