3240 Gonder RdInterlochenMI49643
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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 Interlochen at 3240 Gonder Rd, Interlochen, MI, 49643 uses $72,599 cash to close to unlock $1,484/yr annual cash flow and $124/mo monthly cash flow. Total monthly income runs $1,568/mo, and a $1,072/mo payment keeps the spread at $124/mo. Purchase price stands at $219,000, and rental yield measures 8.59% with $1,568/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 114.35% and total cumulative return in cash records $83,013. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,568/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Manufactured
Built in 1994
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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Listed by: Erika Korndorfer • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1940439