3889 Burnside RdOtter LakeMI48464
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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 Otter Lake at 3889 Burnside Rd, Otter Lake, MI, 48464 listed at $297,300 pairs $2,017/mo rent with a $1,455/mo payment to leave $57/mo cash flow. Total monthly income runs $2,017/mo, and annual cash flow reaches $679/yr on $98,555 cash to close. Return on cash invested measures 20.6% in year one, and rental yield registers 8.14% at a $297,300 basis. Equity gained on principal adds $1,918/yr, and annual property appreciation at 5% supports $82,139 by year five. Five-year ROI tracks 107.09% and total cumulative return in cash totals $105,544. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,017/mo property income relative to a $1,455/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1983
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48464, Otter Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 955 (100%) |
| Owner Occupied HU | 727 (76.1%) |
| Renter Occupied HU | 73 ( 7.6%) |
| Vacant Housing Units | 155 (16.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $245,330 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
809
Multi-Family
0
Businesses
21
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Listed by: N/A • N/A
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Mls ID: #N/A