3628 Channel 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
Investment property for sale in Watersmeet at 3628 Channel Rd, Watersmeet, MI, 49969 earns from $2,333/mo rent with a $2,990/mo payment. Total monthly income totals $2,333/mo. ROI tracks 9.94% on current figures, and rental yield reads 4.58% at a $610,900 purchase. Equity gained on principal adds $3,942/yr, and 5% annual appreciation supports $168,780 over five years. Five-year ROI reaches 49.88% and total cumulative return in cash sums $100,250. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,333/mo property income instead of your personal income.
Single Family
Built in 2006
3.08 Acres 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: N/A • N/A
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Mls ID: #N/A