4940 Onway DrOttawa LakeMI49267
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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 Ottawa Lake at 4940 Onway Dr, Ottawa Lake, MI, 49267 generates $2,574/mo in rent and, after a $1,321/mo payment, leaves $794/mo in cash flow. Total monthly income is $2,574/mo, and annual cash flow is $9,530/yr on $89,472 invested. Return on cash invested sits at 30.56% in year one, and rental yield is 11.44% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 160.54% and total cumulative return in cash sums $143,634. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,574/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49267, Ottawa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,537 (83.9%) |
| Renter Occupied HU | 203 (11.1%) |
| Vacant Housing Units | 91 ( 5.0%) |
| Median Home Value | $311,960 |
| Average Home Value | $355,325 |
Housing Distribution
Address Breakdown
Residential
1,645
Single Family
1,645
Multi-Family
0
Businesses
102
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Listed by: Sharrah L Beavers • Key Realty One LLC - Summerfield
Mls Name: MiRealSource
Mls ID: #50197597