2291 Garland AveSylvan LakeMI48320
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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 Sylvan Lake at 2291 Garland Ave, Sylvan Lake, MI, 48320 listed at $249,000 pairs $1,900/mo rent with a $1,219/mo payment to leave $258/mo cash flow. Total monthly income runs $1,900/mo, and annual cash flow reaches $3,092/yr on $82,544 cash to close. Return on cash invested measures 23.66% in year one, and rental yield registers 9.16% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 123.46% and total cumulative return in cash totals $101,912. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,900/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1918
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48320, Keego Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,351 (100%) |
| Owner Occupied HU | 1,538 (65.4%) |
| Renter Occupied HU | 598 (25.4%) |
| Vacant Housing Units | 215 ( 9.1%) |
| Median Home Value | $370,560 |
| Average Home Value | $551,053 |
Housing Distribution
Address Breakdown
Residential
2,076
Single Family
1,877
Multi-Family
199
Businesses
389
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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