5707 S Lake St #5-BGlen 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 #5-B, Glen Arbor, MI, 49636 earns $1,241/mo cash flow from $3,845/mo rent with a $1,933/mo payment. Total monthly income totals $3,845/mo, and annual cash flow totals $14,886/yr on $130,943 capital. ROI tracks 31.28% on current figures, and rental yield reads 11.68% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 164.35% and total cumulative return in cash sums $215,202. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,845/mo property income instead of your personal income.
Single Family
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: Luke Scott Bouman • HomeRealty Holland
Mls Name: MichRIC
Mls ID: #25041710