502 Kilmar StLake LindenMI49945
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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 Lake Linden at 502 Kilmar St, Lake Linden, MI, 49945 offers $1,670/mo rent that, after a $538/mo payment, leaves $945/mo cash flow. Total monthly income is $1,670/mo, and annual cash flow is $11,340/yr on $36,465 cash. Return on cash invested measures 51.01% in year one, and rental yield stands at 18.22% at a $109,999 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 270.11% and total cumulative return in cash reaches $98,495. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,670/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49945, Lake Linden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,298 (100%) |
| Owner Occupied HU | 1,157 (50.3%) |
| Renter Occupied HU | 215 ( 9.4%) |
| Vacant Housing Units | 926 (40.3%) |
| Median Home Value | $164,756 |
| Average Home Value | $217,137 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,432
Multi-Family
74
Businesses
54
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Listed by: DARRELL GUITAR • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50138193
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.