290 N Turnerville RdLake cityMI49651
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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 Lake city at 290 N Turnerville Rd, Lake city, MI, 49651 earns $120/mo cash flow from $2,395/mo rent with a $1,689/mo payment. Total monthly income totals $2,395/mo, and annual cash flow totals $1,434/yr on $114,368 capital. ROI tracks 21.16% on current figures, and rental yield reads 8.33% at a $345,000 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash sums $125,932. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,395/mo property income instead of your personal income.
Single Family
Built in 1983
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49651, Lake City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 2,685 (53.2%) |
| Renter Occupied HU | 602 (11.9%) |
| Vacant Housing Units | 1,762 (34.9%) |
| Median Home Value | $187,966 |
| Average Home Value | $256,539 |
Housing Distribution
Address Breakdown
Residential
3,243
Single Family
3,243
Multi-Family
0
Businesses
187
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Listed by: Scott Fader • Joseph Walter Realty LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50183202
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