4041 Renwick Ln #5, Walloon Lake, MI, 49796 | $777/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Walloon Lake at 4041 Renwick Ln #5, Walloon Lake, MI, 49796 offers a 9.69% rental yield on a $525,000 purchase with $4,239/mo rent. Total monthly income registers $4,239/mo, and a $2,570/mo payment leaves $777/mo available for distribution. Annual cash flow reaches $9,318/yr on $172,725 to close, and return on cash invested stands at 25.45% in year one. Equity gained on principal adds $3,388/yr while 5% annual appreciation supports $145,048 over five years. Portfolio math shows five-year ROI at 133.09% and total cumulative return in cash at $229,881. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,239/mo property income against a $2,570/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

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