20854 Red Oak DrLake AnnMI49650
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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 Lake Ann at 20854 Red Oak Dr, Lake Ann, MI, 49650 listed at $349,900 pairs $2,320/mo rent with a $1,713/mo payment to leave $12/mo cash flow. Total monthly income runs $2,320/mo, and annual cash flow reaches $146/yr on $115,992 cash to close. Return on cash invested measures 20.03% in year one, and rental yield registers 7.96% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 104.07% and total cumulative return in cash totals $120,714. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,320/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49650, Lake Ann, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,579 (100%) |
| Owner Occupied HU | 1,225 (77.6%) |
| Renter Occupied HU | 93 ( 5.9%) |
| Vacant Housing Units | 261 (16.5%) |
| Median Home Value | $249,922 |
| Average Home Value | $283,304 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
75
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