5896 Browns RdLakeMI48632
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
Investment property for sale in Lake at 5896 Browns Rd, Lake, MI, 48632 uses $43,095 cash to close to unlock $1,860/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,012/mo, and a $636/mo payment keeps the spread at $155/mo. Purchase price stands at $130,000, and rental yield measures 9.34% with $1,012/mo rent. Return on cash invested shows 24.23% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 126.48% and total cumulative return in cash records $54,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,012/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48632, Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,897 (100%) |
| Owner Occupied HU | 2,161 (44.1%) |
| Renter Occupied HU | 327 ( 6.7%) |
| Vacant Housing Units | 2,409 (49.2%) |
| Median Home Value | $154,104 |
| Average Home Value | $203,006 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,852
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices