6009 Waterway LnIndian RiverMI49749
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 Indian River at 6009 Waterway Ln, Indian River, MI, 49749 priced at $259,000 pairs $2,342/mo rent with $634/mo cash flow after a $1,268/mo payment. Total monthly income equals $2,342/mo, and annual cash flow comes to $7,604/yr on $85,859 invested. Return on cash invested is 28.77% in year one, and rental yield stands at 10.85% on a $259,000 basis. Equity gained on principal adds $1,671/yr, and 5% annual appreciation accumulates to $71,557 by year five. Five-year ROI measures 150.88% and total cumulative return in cash reaches $129,544. For financing, Ziffy Mortgage’s DSCR program evaluates $2,342/mo property income against a $1,268/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49749, Indian River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,503 (100%) |
| Owner Occupied HU | 1,674 (47.8%) |
| Renter Occupied HU | 288 ( 8.2%) |
| Vacant Housing Units | 1,541 (44.0%) |
| Median Home Value | $245,946 |
| Average Home Value | $327,195 |
Housing Distribution
Address Breakdown
Residential
2,051
Single Family
2,051
Multi-Family
0
Businesses
215
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Listed by: Kendra Manning • Coldwell Banker Schmidt- Harbor Springs
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475039
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.