3154 Lake DrHighlandMI48356
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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 Highland at 3154 Lake Dr, Highland, MI, 48356 generates $2,435/mo in rent and, after a $1,468/mo payment, leaves $440/mo in cash flow. Total monthly income is $2,435/mo, and annual cash flow is $5,284/yr on $99,450 invested. Return on cash invested sits at 25.22% in year one, and rental yield is 9.74% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 131.96% and total cumulative return in cash sums $131,232. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,435/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
9,147 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48356, Highland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,534 (100%) |
| Owner Occupied HU | 3,073 (87.0%) |
| Renter Occupied HU | 286 ( 8.1%) |
| Vacant Housing Units | 175 ( 5.0%) |
| Median Home Value | $390,420 |
| Average Home Value | $465,114 |
Housing Distribution
Address Breakdown
Residential
3,421
Single Family
3,349
Multi-Family
72
Businesses
114
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