4405 M 75 NWalloon LakeMI49796
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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 Walloon Lake at 4405 M 75 N, Walloon Lake, MI, 49796 earns from $1,751/mo rent with a $3,010/mo payment. Total monthly income totals $1,751/mo. ROI tracks 6.39% on current figures, and rental yield reads 3.42% at a $615,000 purchase. Equity gained on principal adds $3,969/yr, and 5% annual appreciation supports $169,913 over five years. Five-year ROI reaches 30.87% and total cumulative return in cash sums $62,453. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,751/mo property income instead of your personal income.
Single Family
Built in 1950
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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Listed by: Carole Griffin • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls ID: #477121