4133 N East Torch Lake DrCentral LakeMI49622
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Central Lake at 4133 N East Torch Lake Dr, Central Lake, MI, 49622 uses $149,507 cash to close to unlock $4,624/yr annual cash flow and $385/mo monthly cash flow. Total monthly income runs $3,359/mo, and a $2,207/mo payment keeps the spread at $385/mo. Purchase price stands at $451,000, and rental yield measures 8.94% with $3,359/mo rent. Return on cash invested shows 23% in year one, and 5% annual appreciation builds toward $124,603 over five years. Five-year ROI reaches 119.98% and total cumulative return in cash records $179,372. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,359/mo property income covering a $2,207/mo payment rather than investor’s personal income.
Single Family
Built in 1933
2.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate
Mls ID: #1932258