2187 Nancy Kay Ave #4InterlochenMI49643
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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
Rental property for sale in Interlochen at 2187 Nancy Kay Ave #4, Interlochen, MI, 49643 generates $4,139/mo in rent and, after a $1,810/mo payment, leaves $1,675/mo in cash flow. Total monthly income is $4,139/mo, and annual cash flow is $20,102/yr on $122,622 invested. Return on cash invested sits at 36.3% in year one, and rental yield is 13.43% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 191.41% and total cumulative return in cash sums $234,706. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,139/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
1.15 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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Listed by: Jamie Julian • Bouwman Realty Group
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1923993
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.