22412 S Wegwas DrTrout LakeMI49793
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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
Total monthly income runs $2,022/mo, and a $2,300/mo payment. Purchase price stands at $469,900, and rental yield measures 5.16% with $2,022/mo rent. Return on cash invested shows 11.61% in year one, and 5% annual appreciation builds toward $129,825 over five years. Five-year ROI reaches 58.91% and total cumulative return in cash records $91,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,022/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49793, Trout Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 61 (26.5%) |
| Renter Occupied HU | 3 ( 1.3%) |
| Vacant Housing Units | 166 (72.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $183,525 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
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Listed by: Tammy Shepard • Mackinac Properties, Inc
Mls Name: WWMLS
Mls ID: #201834447