4294 N East Torch Lake DrCentral LakeMI49622
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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 Central Lake at 4294 N East Torch Lake Dr, Central Lake, MI, 49622 generates $3,190/mo in rent, after a $8,120/mo payment. Total monthly income is $3,190/mo. Return on cash invested sits at 3.07% in year one, and rental yield is 2.31% on a $1,659,000 entry. Equity gained on principal adds $10,705/yr, while 5% annual appreciation builds toward $458,351 over five years. Five-year ROI reaches 12.98% and total cumulative return in cash sums $69,743. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,190/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
1.05 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
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Listed by: Joanne McGlothlin • Signature Sotheby's International Realty Bham
Mls Name: Realcomp II
Mls ID: #20261001201