458 Ottawa LnPrudenvilleMI48651
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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 Prudenville at 458 Ottawa Ln, Prudenville, MI, 48651 generates $1,897/mo in rent, after a $1,760/mo payment. Total monthly income is $1,897/mo. Return on cash invested sits at 15.13% in year one, and rental yield is 6.33% on a $359,500 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation builds toward $99,323 over five years. Five-year ROI reaches 77.76% and total cumulative return in cash sums $92,672. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,897/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48651, Prudenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,094 (100%) |
| Owner Occupied HU | 1,832 (44.7%) |
| Renter Occupied HU | 480 (11.7%) |
| Vacant Housing Units | 1,782 (43.5%) |
| Median Home Value | $208,261 |
| Average Home Value | $247,688 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,621
Multi-Family
72
Businesses
165
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Listed by: Kimberly Kaminski • Homewaters, LLC - Houghton Lake
Mls Name: WWMLS
Mls Provider:
Mls ID: #201835771
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