2955 E Mullett Lake RdIndian RiverMI49749
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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
Rental property for sale in Indian River at 2955 E Mullett Lake Rd, Indian River, MI, 49749 generates $2,614/mo in rent and, after a $1,444/mo payment, leaves $669/mo in cash flow. Total monthly income is $2,614/mo, and annual cash flow is $8,022/yr on $97,793 invested. Return on cash invested sits at 28.11% in year one, and rental yield is 10.63% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 147.38% and total cumulative return in cash sums $144,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,614/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: Tonya Schryer • COLDWELL BANKER SCHMIDT CHEBOYGAN
Mls Name: WWMLS
Mls ID: #201836667