3519 Indian Head RdWatersmeetMI49969
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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 Watersmeet at 3519 Indian Head Rd, Watersmeet, MI, 49969 offers $1,631/mo rent that, after a $2,286/mo payment. Total monthly income is $1,631/mo. Return on cash invested measures 8.68% in year one, and rental yield stands at 4.19% at a $467,000 entry. Equity gained on principal adds $3,013/yr while 5% annual appreciation compounds into $129,023 by year five. Five-year ROI records 43.17% and total cumulative return in cash reaches $66,831. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,631/mo property income versus a $2,286/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
4,095 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49969, Watersmeet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 575 (35.5%) |
| Renter Occupied HU | 113 ( 7.0%) |
| Vacant Housing Units | 933 (57.6%) |
| Median Home Value | $314,583 |
| Average Home Value | $403,917 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
307
Multi-Family
3
Businesses
48
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Listed by: MICHELLE GARSOW • CENTURY 21 BURKETT - LOL
Mls Name: GNMLS
Mls ID: #211463