416 Lakeside DrMackinaw CityMI49701
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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 Mackinaw City at 416 Lakeside Dr, Mackinaw City, MI, 49701 earns from $1,913/mo rent with a $2,692/mo payment. Total monthly income totals $1,913/mo. ROI tracks 8.69% on current figures, and rental yield reads 4.17% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 43.19% and total cumulative return in cash sums $78,154. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,913/mo property income instead of your personal income.
Single Family
Built in N/A
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49701, Mackinaw City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 885 (100%) |
| Owner Occupied HU | 361 (40.8%) |
| Renter Occupied HU | 129 (14.6%) |
| Vacant Housing Units | 395 (44.6%) |
| Median Home Value | $269,318 |
| Average Home Value | $348,809 |
Housing Distribution
Address Breakdown
Residential
273
Single Family
241
Multi-Family
32
Businesses
149
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Listed by: Craig R. Wilson • Coldwell Banker Fairbairn Realty
Mls Name: WWMLS
Mls ID: #201838075