2850 Forest Rd #6320WatersmeetMI49969
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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
Total monthly income runs $1,740/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 3.09% with $1,740/mo rent. Return on cash invested shows 5.41% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 25.59% and total cumulative return in cash records $56,835. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $3,304/mo payment rather than investor’s personal income.
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
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Listed by: BRET MILLER • ELIASON REALTY - LAND O LAKES
Mls Name: GNMLS
Mls ID: #214552