40 Oak StCarp Lake TownshipMI49971
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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 Carp Lake Township at 40 Oak St, Carp Lake Township, MI, 49971 uses $49,692 cash to close to unlock $2,270/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $1,178/mo, and a $734/mo payment keeps the spread at $189/mo. Purchase price stands at $149,900, and rental yield measures 9.43% with $1,178/mo rent. Return on cash invested shows 24.48% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 127.96% and total cumulative return in cash records $63,587. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,178/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49971, White Pine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 197 (59.2%) |
| Renter Occupied HU | 7 ( 2.1%) |
| Vacant Housing Units | 129 (38.7%) |
| Median Home Value | $116,447 |
| Average Home Value | $179,518 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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Listed by: DONALD DOMITROVICH • DOMITROVICH REALTY, INC
Mls Name: Upper Peninsula AOR
Mls ID: #50192101