4880 Lake StCoralMI49322
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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 Coral at 4880 Lake St, Coral, MI, 49322 generates $1,609/mo in rent, after a $1,248/mo payment. Total monthly income is $1,609/mo. Return on cash invested sits at 18.88% in year one, and rental yield is 7.57% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 97.87% and total cumulative return in cash sums $82,736. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,609/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
2.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49322, Coral, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 378 (71.2%) |
| Renter Occupied HU | 52 ( 9.8%) |
| Vacant Housing Units | 101 (19.0%) |
| Median Home Value | $234,694 |
| Average Home Value | $227,057 |
Housing Distribution
Address Breakdown
Residential
465
Single Family
465
Multi-Family
0
Businesses
5
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