3077 Phelps Lake RdMayvilleMI48744
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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 Mayville at 3077 Phelps Lake Rd, Mayville, MI, 48744 uses $44,719 cash to close to unlock $2,012/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $1,057/mo, and a $660/mo payment keeps the spread at $168/mo. Purchase price stands at $134,900, and rental yield measures 9.4% with $1,057/mo rent. Return on cash invested shows 24.41% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 127.53% and total cumulative return in cash records $57,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,057/mo property income covering a $660/mo payment rather than investor’s personal income.
Manufactured
Built in 1972
10.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48744, Mayville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,055 (100%) |
| Owner Occupied HU | 1,584 (77.1%) |
| Renter Occupied HU | 214 (10.4%) |
| Vacant Housing Units | 257 (12.5%) |
| Median Home Value | $171,774 |
| Average Home Value | $222,188 |
Housing Distribution
Address Breakdown
Residential
1,708
Single Family
1,708
Multi-Family
0
Businesses
70
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