308 E Garfield RdTwin LakeMI49457
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
Rental property for sale in Twin Lake at 308 E Garfield Rd, Twin Lake, MI, 49457 offers $2,731/mo rent that, after a $910/mo payment, leaves $1,505/mo cash flow. Total monthly income is $2,731/mo, and annual cash flow is $18,058/yr on $61,659 cash. Return on cash invested measures 49.2% in year one, and rental yield stands at 17.62% at a $186,000 entry. Equity gained on principal adds $1,200/yr while 5% annual appreciation compounds into $51,388 by year five. Five-year ROI records 260.45% and total cumulative return in cash reaches $160,588. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,731/mo property income versus a $910/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49457, Twin Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,479 (100%) |
| Owner Occupied HU | 3,772 (84.2%) |
| Renter Occupied HU | 316 ( 7.1%) |
| Vacant Housing Units | 391 ( 8.7%) |
| Median Home Value | $258,877 |
| Average Home Value | $290,128 |
Housing Distribution
Address Breakdown
Residential
4,301
Single Family
4,301
Multi-Family
0
Businesses
82
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