45 Brook HlGlen ArborMI49636
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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 Glen Arbor at 45 Brook Hl, Glen Arbor, MI, 49636 priced at $1,190,000 converts $3,522/mo rent into after a $5,824/mo obligation. Total monthly income equals $3,522/mo. Return on cash invested prints 6.69% in year one, and rental yield reads 3.55% against a $1,190,000 entry. Equity gained on principal adds $7,679/yr, while 5% annual appreciation compiles into $328,775 by year five. Five-year ROI reaches 32.48% and total cumulative return in cash sums $125,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,522/mo property income covering a $5,824/mo payment, not borrower’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$840 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49636, Glen Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 171 (25.4%) |
| Renter Occupied HU | 8 ( 1.2%) |
| Vacant Housing Units | 494 (73.4%) |
| Median Home Value | $878,125 |
| Average Home Value | $1,075,073 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
84
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Listed by: Jeffrey Wichern • The Martin Company
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932213
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.