4998 N Main StLong LakeMI48743
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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
Total monthly income runs $2,821/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 5.21% with $2,821/mo rent. Return on cash invested shows 11.84% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 60.07% and total cumulative return in cash records $128,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,821/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48743, Long Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45 (100%) |
| Owner Occupied HU | 17 (37.8%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 28 (62.2%) |
| Median Home Value | $229,167 |
| Average Home Value | $227,206 |
Housing Distribution
Address Breakdown
Residential
33
Single Family
33
Multi-Family
0
Businesses
2
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