5909 Bringold AveLakeMI48632
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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
Rental property for sale in Lake at 5909 Bringold Ave, Lake, MI, 48632 priced at $125,000 converts $1,867/mo rent into $1,043/mo cash flow after a $612/mo obligation. Total monthly income equals $1,867/mo, and annual cash flow totals $12,510/yr on $41,438 invested. Return on cash invested prints 50.1% in year one, and rental yield reads 17.92% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 265.31% and total cumulative return in cash sums $109,937. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,867/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1958
12 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
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