231 Morse DrSix LakesMI48886
Nearby investment properties with comparable rents
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 Six Lakes at 231 Morse Dr, Six Lakes, MI, 48886 offers a 13.53% rental yield on a $225,000 purchase with $2,537/mo rent. Total monthly income registers $2,537/mo, and a $1,101/mo payment leaves $976/mo available for distribution. Annual cash flow reaches $11,717/yr on $74,588 to close, and return on cash invested stands at 35.62% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 188.1% and total cumulative return in cash at $140,301. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,537/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48886, Six Lakes, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 842 (63.2%) |
| Renter Occupied HU | 115 ( 8.6%) |
| Vacant Housing Units | 376 (28.2%) |
| Median Home Value | $200,938 |
| Average Home Value | $213,625 |
Housing Distribution
Address Breakdown
Residential
946
Single Family
946
Multi-Family
0
Businesses
35
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