567 Ramsey LnPleasant LakeMI49272
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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 Pleasant Lake at 567 Ramsey Ln, Pleasant Lake, MI, 49272 priced at $479,900 pairs $3,173/mo rent with after a $2,349/mo payment. Total monthly income equals $3,173/mo. Return on cash invested is 19.91% in year one, and rental yield stands at 7.93% on a $479,900 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,588 by year five. Five-year ROI measures 103.38% and total cumulative return in cash reaches $164,469. For financing, Ziffy Mortgage’s DSCR program evaluates $3,173/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
0.61 Acres lot
$N/A/sqft
$100 annually HOA
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Nearby investment properties with comparable prices
Listed by: Michael Kendall • Executive Brokers Residential and Commercial Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24051441
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.