2850 Forest Rd #6320WatersmeetMI49969
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play2850 Forest Rd #6320, Watersmeet, MI, 49969 in Watersmeet is priced for appreciation, not yield. Rental yield 3.09%. At $675,000 with a 3.09% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $186,490 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.57) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $82,704.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 6.5% |
| Monthly Cash Flow | $(2,711) | $300 |
City averages based on Watersmeet market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,740 |
| Total Monthly Debt Service | $4,183 |
| DSCR Ratio | 0.42x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1928
10.02 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1928
10.02 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BRET MILLER • ELIASON REALTY - LAND O LAKES
Mls Name: GNMLS
Mls ID: #214552