31378 W Main StTrout LakeMI49793
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow31378 W Main St, Trout Lake, MI, 49793 in Trout Lake is a top-tier cash-flow asset. At $139,000 it produces $2,029/mo in rent and $1,113/mo in net monthly income, a 17.52% gross rental yield. The DSCR of 3.25 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $13,351. Five-year appreciation adds $38,403, driving a total cumulative return of $124,556.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.5% | 6.5% |
| Monthly Cash Flow | $1,113 | $450 |
City averages based on Trout Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,029 |
| Total Monthly Debt Service | $861 |
| DSCR Ratio | 2.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
3.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49793, Trout Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 61 (26.5%) |
| Renter Occupied HU | 3 ( 1.3%) |
| Vacant Housing Units | 166 (72.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $183,525 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
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
Single Family
Built in 1930
3.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49793, Trout Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 230 (100%) |
| Owner Occupied HU | 61 (26.5%) |
| Renter Occupied HU | 3 ( 1.3%) |
| Vacant Housing Units | 166 (72.2%) |
| Median Home Value | $169,643 |
| Average Home Value | $183,525 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices