5707 S Lake St #13-CGlen ArborMI49636
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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
Investment property for sale in Glen Arbor at 5707 S Lake St #13-C, Glen Arbor, MI, 49636 uses $127,628 cash to close to unlock $32,286/yr annual cash flow and $2,691/mo monthly cash flow. Total monthly income runs $5,888/mo, and a $1,884/mo payment keeps the spread at $2,691/mo. Purchase price stands at $385,000, and rental yield measures 18.35% with $5,888/mo rent. Return on cash invested shows 45.21% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 241.28% and total cumulative return in cash records $307,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,888/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
$7,908 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49636, Glen Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 171 (25.4%) |
| Renter Occupied HU | 8 ( 1.2%) |
| Vacant Housing Units | 494 (73.4%) |
| Median Home Value | $878,125 |
| Average Home Value | $1,075,073 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
84
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Listed by: Kari King • Century 21 Northland-Frankfort
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924395
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.