3840 E Gull Lake DrHickory CornersMI49060
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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
Total monthly income runs $2,143/mo, and a $2,347/mo payment. Purchase price stands at $479,500, and rental yield measures 5.36% with $2,143/mo rent. Return on cash invested shows 12.22% in year one, and 5% annual appreciation builds toward $132,477 over five years. Five-year ROI reaches 62.11% and total cumulative return in cash records $98,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,143/mo property income covering a $2,347/mo payment rather than investor’s personal income.
Single Family
Built in 1964
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49060, Hickory Corners, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 901 (100%) |
| Owner Occupied HU | 662 (73.5%) |
| Renter Occupied HU | 92 (10.2%) |
| Vacant Housing Units | 147 (16.3%) |
| Median Home Value | $379,532 |
| Average Home Value | $837,696 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
34
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Listed by: Brett Zabavski • Berkshire Hathaway HomeServices MI
Mls Name: MichRIC
Mls ID: #25059602