411 E Lake StSand LakeMI49343
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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 Sand Lake at 411 E Lake St, Sand Lake, MI, 49343 priced at $449,000 converts $2,486/mo rent into after a $2,198/mo obligation. Total monthly income equals $2,486/mo. Return on cash invested prints 16.08% in year one, and rental yield reads 6.64% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 82.83% and total cumulative return in cash sums $123,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,486/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1994
8.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49343, Sand Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,734 (100%) |
| Owner Occupied HU | 2,207 (80.7%) |
| Renter Occupied HU | 216 ( 7.9%) |
| Vacant Housing Units | 311 (11.4%) |
| Median Home Value | $283,652 |
| Average Home Value | $345,501 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,310
Multi-Family
30
Businesses
73
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