2589 Rushton RdCentral LakeMI49622
Nearby investment properties with comparable rents
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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 Central Lake at 2589 Rushton Rd, Central Lake, MI, 49622 at $588,000 posts ROI 16.71% with from $3,338/mo rent. Total monthly income equals $3,338/mo. Return on cash invested measures 16.71% and rental yield reads 6.81% at the current $588,000. Equity gained on principal adds $3,794/yr, and 5% annual appreciation supports $162,454 by year five. Five-year ROI prints 86.22% and total cumulative return in cash totals $166,788. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,338/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
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Nearby investment properties with comparable prices
Listed by: Walt Mann • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933190
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.