2945 E Henderson Lake RdPrescottMI48756
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
Investment Highlights
Investment property for sale in Prescott at 2945 E Henderson Lake Rd, Prescott, MI, 48756 offers a 10.77% rental yield on a $125,000 purchase with $1,122/mo rent. Total monthly income registers $1,122/mo, and a $612/mo payment leaves $298/mo available for distribution. Annual cash flow reaches $3,570/yr on $41,438 to close, and return on cash invested stands at 28.52% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 149.64% and total cumulative return in cash at $62,009. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,122/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48756, Prescott, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,623 (50.4%) |
| Renter Occupied HU | 309 ( 9.6%) |
| Vacant Housing Units | 1,290 (40.0%) |
| Median Home Value | $104,388 |
| Average Home Value | $154,436 |
Housing Distribution
Address Breakdown
Residential
1,862
Single Family
1,828
Multi-Family
34
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices