5746 Six Mile Lake RdEllsworthMI49729
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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 Ellsworth at 5746 Six Mile Lake Rd, Ellsworth, MI, 49729 uses $88,809 cash to close to unlock $2,611/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $1,984/mo, and a $1,311/mo payment keeps the spread at $218/mo. Purchase price stands at $267,900, and rental yield measures 8.89% with $1,984/mo rent. Return on cash invested shows 22.85% in year one, and 5% annual appreciation builds toward $74,016 over five years. Five-year ROI reaches 119.15% and total cumulative return in cash records $105,818. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,984/mo property income covering a $1,311/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49729, Ellsworth, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 562 (57.8%) |
| Renter Occupied HU | 84 ( 8.6%) |
| Vacant Housing Units | 327 (33.6%) |
| Median Home Value | $262,791 |
| Average Home Value | $336,001 |
Housing Distribution
Address Breakdown
Residential
587
Single Family
587
Multi-Family
0
Businesses
46
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