2858 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
Investment property for sale in Watersmeet at 2858 Forest Rd #6320, Watersmeet, MI, 49969 listed at $700,000 pairs $1,986/mo rent with a $3,426/mo payment. Total monthly income runs $1,986/mo. Return on cash invested measures 6.36% in year one, and rental yield registers 3.4% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 30.66% and total cumulative return in cash totals $70,612. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,986/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
3.69 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 Provider:
Mls ID: #212625
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