3275 S Sunrise LnLake LeelanauMI49653
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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 Lake Leelanau at 3275 S Sunrise Ln, Lake Leelanau, MI, 49653 priced at $1,350,000 converts $4,231/mo rent into after a $6,608/mo obligation. Total monthly income equals $4,231/mo. Return on cash invested prints 7.55% in year one, and rental yield reads 3.76% against a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation compiles into $372,980 by year five. Five-year ROI reaches 37.02% and total cumulative return in cash sums $161,921. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,231/mo property income covering a $6,608/mo payment, not borrower’s personal income.
Single Family
Built in 1991
1.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49653, Lake Leelanau, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,490 (100%) |
| Owner Occupied HU | 806 (54.1%) |
| Renter Occupied HU | 125 ( 8.4%) |
| Vacant Housing Units | 559 (37.5%) |
| Median Home Value | $485,246 |
| Average Home Value | $640,037 |
Housing Distribution
Address Breakdown
Residential
882
Single Family
882
Multi-Family
0
Businesses
79
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Listed by: Ann Porter • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1931708