2758 E Lake DrSmiths CreekMI48074
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Nearby investment properties with comparable prices
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 Smiths Creek at 2758 E Lake Dr, Smiths Creek, MI, 48074 offers a 10.02% rental yield on a $519,900 purchase with $4,340/mo rent. Total monthly income registers $4,340/mo, and a $2,545/mo payment leaves $911/mo available for distribution. Annual cash flow reaches $10,934/yr on $171,047 to close, and return on cash invested stands at 26.45% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,639 over five years. Portfolio math shows five-year ROI at 138.46% and total cumulative return in cash at $236,824. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,340/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
5.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48074, Smiths Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,000 (100%) |
| Owner Occupied HU | 3,330 (83.2%) |
| Renter Occupied HU | 461 (11.5%) |
| Vacant Housing Units | 209 ( 5.2%) |
| Median Home Value | $225,147 |
| Average Home Value | $291,718 |
Housing Distribution
Address Breakdown
Residential
3,932
Single Family
3,931
Multi-Family
1
Businesses
197
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Listed by: Danielle Boulier • Sine & Monaghan Realtors LLC St Clair
Mls Name: MiRealSource
Mls ID: #50184188