4360 S Independence DrSuttons BayMI49682
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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 Suttons Bay at 4360 S Independence Dr, Suttons Bay, MI, 49682 earns $93/mo cash flow from $4,900/mo rent with a $3,568/mo payment. Total monthly income totals $4,900/mo, and annual cash flow totals $1,112/yr on $239,841 capital. ROI tracks 20.52% on current figures, and rental yield reads 8.07% at a $729,000 purchase. Equity gained on principal adds $4,704/yr, and 5% annual appreciation supports $201,409 over five years. Five-year ROI reaches 106.65% and total cumulative return in cash sums $255,780. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,900/mo property income instead of your personal income.
Single Family
Built in 2018
5.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49682, Suttons Bay, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,544 (64.7%) |
| Renter Occupied HU | 236 ( 9.9%) |
| Vacant Housing Units | 607 (25.4%) |
| Median Home Value | $407,473 |
| Average Home Value | $470,285 |
Housing Distribution
Address Breakdown
Residential
1,900
Single Family
1,884
Multi-Family
16
Businesses
239
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Listed by: Blake Bernard • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1938844