2540 E Mullett Lake RdIndian RiverMI49749
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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 Indian River at 2540 E Mullett Lake Rd, Indian River, MI, 49749 uses $59,339 cash to close to unlock $1,976/yr annual cash flow and $165/mo monthly cash flow. Total monthly income runs $1,345/mo, and a $876/mo payment keeps the spread at $165/mo. Purchase price stands at $179,000, and rental yield measures 9.02% with $1,345/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 121.24% and total cumulative return in cash records $71,943. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,345/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: Renita West • Real Estate One Indian River
Mls Name: WWMLS
Mls ID: #201836178