3706 E Cedar Lake DrGreenbushMI48738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Greenbush at 3706 E Cedar Lake Dr, Greenbush, MI, 48738 priced at $318,000 pairs $1,428/mo rent with after a $1,556/mo payment. Total monthly income equals $1,428/mo. Return on cash invested is 12.3% in year one, and rental yield stands at 5.39% on a $318,000 basis. Equity gained on principal adds $2,052/yr, and 5% annual appreciation accumulates to $87,858 by year five. Five-year ROI measures 62.58% and total cumulative return in cash reaches $65,975. For financing, Ziffy Mortgage’s DSCR program evaluates $1,428/mo property income against a $1,556/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48738, Greenbush, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,364 (100%) |
| Owner Occupied HU | 481 (35.3%) |
| Renter Occupied HU | 55 ( 4.0%) |
| Vacant Housing Units | 828 (60.7%) |
| Median Home Value | $197,426 |
| Average Home Value | $244,740 |
Housing Distribution
Address Breakdown
Residential
707
Single Family
694
Multi-Family
13
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices