2626 Depot RdInterlochenMI49643
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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 Interlochen at 2626 Depot Rd, Interlochen, MI, 49643 uses $79,229 cash to close to unlock $8,240/yr annual cash flow and $687/mo monthly cash flow. Total monthly income runs $2,263/mo, and a $1,170/mo payment keeps the spread at $687/mo. Purchase price stands at $239,000, and rental yield measures 11.36% with $2,263/mo rent. Return on cash invested shows 30.31% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 159.16% and total cumulative return in cash records $126,096. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,263/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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Listed by: Linda Zajac • CENTURY 21 Northland
Mls Name: NGLRMLS
Mls ID: #1938815