5470 Emerson DrOttawa LakeMI49267
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 5470 Emerson Dr, Ottawa Lake, MI, 49267 in Ottawa Lake. At $699,900 it earns $5,315/mo in rent and distributes $699/mo to the owner after the $3,147/mo payment, a consistent 9.11% yield. DSCR 1.69 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $193,369 in value; $6,446/yr in principal paydown compounds ownership stake. Total projected return: $311,693.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $699 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,315 |
| Total Monthly Debt Service | $4,337 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
2.45 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
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
Single Family
Built in 1994
2.45 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robin Lehmann • Key Realty One LLC - Lambertville
Mls Name: MiRealSource
Mls ID: #50194807