363 W Lake St #106Sand LakeMI49343
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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 Sand Lake at 363 W Lake St #106, Sand Lake, MI, 49343 generates $869/mo in rent, after a $538/mo payment. Total monthly income is $869/mo. Return on cash invested sits at 18.61% in year one, and rental yield is 9.48% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 98.62% and total cumulative return in cash sums $35,964. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $869/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
1,306 sqft lot
$N/A/sqft
$2,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49343, Sand Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,734 (100%) |
| Owner Occupied HU | 2,207 (80.7%) |
| Renter Occupied HU | 216 ( 7.9%) |
| Vacant Housing Units | 311 (11.4%) |
| Median Home Value | $283,652 |
| Average Home Value | $345,501 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,310
Multi-Family
30
Businesses
73
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