512 S Lake StEast JordanMI49727
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in East Jordan at 512 S Lake St, East Jordan, MI, 49727 uses $115,694 cash to close to unlock $10,592/yr annual cash flow and $883/mo monthly cash flow. Total monthly income runs $3,184/mo, and a $1,708/mo payment keeps the spread at $883/mo. Purchase price stands at $349,000, and rental yield measures 10.95% with $3,184/mo rent. Return on cash invested shows 29.06% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 152.47% and total cumulative return in cash records $176,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,184/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Stark • EXP Realty
Mls Name: Northern Michigan MLS
Mls ID: #477665