2480 E Duck Lake RdLk RdMI49969
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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 Lk Rd at 2480 E Duck Lake Rd, Lk Rd, MI, 49969 offers a 6.33% rental yield on a $330,000 purchase with $1,740/mo rent. 13% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 77.72% and total cumulative return in cash at $85,019. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
2.64 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: JEREMY OBERLANDER • REDMAN REALTY GROUP, LLC
Mls Name: GNMLS
Mls Provider:
Mls ID: #209375
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.