4589 Cranberry Lake DrPrescottMI48756
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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 Prescott at 4589 Cranberry Lake Dr, Prescott, MI, 48756 priced at $274,900 pairs $1,502/mo rent with after a $1,346/mo payment. Total monthly income equals $1,502/mo. Return on cash invested is 15.82% in year one, and rental yield stands at 6.56% on a $274,900 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,950 by year five. Five-year ROI measures 81.47% and total cumulative return in cash reaches $74,247. For financing, Ziffy Mortgage’s DSCR program evaluates $1,502/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48756, Prescott, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,623 (50.4%) |
| Renter Occupied HU | 309 ( 9.6%) |
| Vacant Housing Units | 1,290 (40.0%) |
| Median Home Value | $104,388 |
| Average Home Value | $154,436 |
Housing Distribution
Address Breakdown
Residential
1,862
Single Family
1,828
Multi-Family
34
Businesses
60
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