2113 Lincoln StCentral LakeMI49622
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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 Central Lake at 2113 Lincoln St, Central Lake, MI, 49622 offers a 9.41% rental yield on a $146,900 purchase with $1,152/mo rent. Total monthly income registers $1,152/mo, and a $719/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,199/yr on $48,697 to close, and return on cash invested stands at 24.43% in year one. Equity gained on principal adds $948/yr while 5% annual appreciation supports $40,586 over five years. Portfolio math shows five-year ROI at 127.66% and total cumulative return in cash at $62,165. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,152/mo property income against a $719/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2000
8,712 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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Listed by: Walt Mann • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls ID: #1937235