53 Oak StCarp Lake TownshipMI49971
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
Rental property for sale in Carp Lake Township at 53 Oak St, Carp Lake Township, MI, 49971 offers $976/mo rent that, after a $636/mo payment, leaves $14/mo cash flow. Total monthly income is $976/mo, and annual cash flow is $170/yr on $43,062 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 9.02% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 106.66% and total cumulative return in cash reaches $45,931. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $976/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49971, White Pine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 333 (100%) |
| Owner Occupied HU | 197 (59.2%) |
| Renter Occupied HU | 7 ( 2.1%) |
| Vacant Housing Units | 129 (38.7%) |
| Median Home Value | $116,447 |
| Average Home Value | $179,518 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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Listed by: BONNIE KEMPPAINEN-MAKI • BORSETH PROPERTIES
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50164072
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.