587 Lincoln RdOtsegoMI49078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Otsego at 587 Lincoln Rd, Otsego, MI, 49078 offers $1,570/mo rent that, after a $1,052/mo payment, leaves $153/mo cash flow. Total monthly income is $1,570/mo, and annual cash flow is $1,832/yr on $71,239 cash. Return on cash invested measures 22.48% in year one, and rental yield stands at 8.77% at a $214,900 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,373 by year five. Five-year ROI records 117.2% and total cumulative return in cash reaches $83,490. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,570/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49078, Otsego, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,969 (100%) |
| Owner Occupied HU | 3,182 (80.2%) |
| Renter Occupied HU | 648 (16.3%) |
| Vacant Housing Units | 139 ( 3.5%) |
| Median Home Value | $241,781 |
| Average Home Value | $263,448 |
Housing Distribution
Address Breakdown
Residential
3,801
Single Family
3,726
Multi-Family
75
Businesses
183
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