5707 S Lake St #14-AGlen 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 #14-A, Glen Arbor, MI, 49636 projects strong ROI of 0.71%. Rental yield 1.54%. With 5% annual appreciation, the property builds $815,031 in value over five years. Equity growth combined delivers a projected five-year ROI of 0.3%, translating into $2,889 in total cumulative return on $955,800 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No 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: Jamie Jewell • Schaub Team Premier Realty
Mls Name: NGLRMLS
Mls ID: #1934123