34334 Mill Lake RdGoblesMI49055
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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 Gobles at 34334 Mill Lake Rd, Gobles, MI, 49055 uses $71,239 cash to close to unlock $6,320/yr annual cash flow and $527/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,052/mo payment keeps the spread at $527/mo. Purchase price stands at $214,900, and rental yield measures 10.86% with $1,944/mo rent. Return on cash invested shows 28.78% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 150.95% and total cumulative return in cash records $107,538. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49055, Gobles, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,993 (100%) |
| Owner Occupied HU | 2,136 (71.4%) |
| Renter Occupied HU | 383 (12.8%) |
| Vacant Housing Units | 474 (15.8%) |
| Median Home Value | $246,127 |
| Average Home Value | $290,083 |
Housing Distribution
Address Breakdown
Residential
2,522
Single Family
2,498
Multi-Family
24
Businesses
98
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