20922 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 20922 Red Oak Dr, Lake Ann, MI, 49650 offers a 10.18% rental yield on a $335,000 purchase with $2,842/mo rent. Total monthly income registers $2,842/mo, and a $1,640/mo payment leaves $633/mo available for distribution. Annual cash flow reaches $7,590/yr on $111,053 to close, and return on cash invested stands at 26.74% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 140.03% and total cumulative return in cash at $155,504. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,842/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
0.95 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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Listed by: T. J. Shimek • The Mitten Real Estate Group
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1938040
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.