4041 Renwick Ln #13Walloon LakeMI49796
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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 Walloon Lake at 4041 Renwick Ln #13, Walloon Lake, MI, 49796 generates $3,246/mo in rent, after a $2,619/mo payment. Total monthly income is $3,246/mo. Return on cash invested sits at 18.13% in year one, and rental yield is 7.28% on a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 93.84% and total cumulative return in cash sums $165,172. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,246/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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Listed by: Wally Kidd • Kidd & Leavy Real Estate Co. LLC
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476115
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.