32003 W Chippewa AveTrout LakeMI49793
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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 Trout Lake at 32003 W Chippewa Ave, Trout Lake, MI, 49793 earns $218/mo cash flow from $1,470/mo rent with a $929/mo payment. Total monthly income totals $1,470/mo, and annual cash flow totals $2,618/yr on $62,952 capital. ROI tracks 24.07% on current figures, and rental yield reads 9.29% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 125.74% and total cumulative return in cash sums $79,157. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,470/mo property income instead of your personal income.
Single Family
Built in 1945
1.70 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
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Listed by: Tammy Shepard • Mackinac Properties, Inc
Mls Name: WWMLS
Mls ID: #201837343