23196 Black Bear RdWatersmeetMI49969
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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 Watersmeet at 23196 Black Bear Rd, Watersmeet, MI, 49969 generates $1,740/mo in rent, after a $7,826/mo payment. Total monthly income is $1,740/mo. Return on cash invested sits at -0.02% in year one, and rental yield is 1.31% on a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation builds toward $441,774 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
10.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49969, Watersmeet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 575 (35.5%) |
| Renter Occupied HU | 113 ( 7.0%) |
| Vacant Housing Units | 933 (57.6%) |
| Median Home Value | $314,583 |
| Average Home Value | $403,917 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
307
Multi-Family
3
Businesses
48
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Listed by: GARY GOSKA • ELIASON REALTY - LAND O LAKES
Mls Name: GNMLS
Mls ID: #212799