21802 Lake Montcalm RdHoward CityMI49329
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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 Howard City at 21802 Lake Montcalm Rd, Howard City, MI, 49329 earns from $3,451/mo rent with a $3,910/mo payment. Total monthly income totals $3,451/mo. ROI tracks 11.76% on current figures, and rental yield reads 5.18% at a $798,900 purchase. Equity gained on principal adds $5,155/yr, and 5% annual appreciation supports $220,721 over five years. Five-year ROI reaches 59.66% and total cumulative return in cash sums $156,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,451/mo property income instead of your personal income.
Single Family
Built in 1957
71.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Nearby investment properties with comparable prices
Listed by: Karen Carbonelli • Greenridge Realty (Greenvl)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24040289
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.