6029 Gonyer Rd SWFife LakeMI49633
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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 Fife Lake at 6029 Gonyer Rd SW, Fife Lake, MI, 49633 uses $66,267 cash to close to unlock $2,198/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,501/mo, and a $978/mo payment keeps the spread at $183/mo. Purchase price stands at $199,900, and rental yield measures 9.01% with $1,501/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 121.22% and total cumulative return in cash records $80,329. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,501/mo property income covering a $978/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49633, Fife Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,597 (100%) |
| Owner Occupied HU | 1,542 (59.4%) |
| Renter Occupied HU | 193 ( 7.4%) |
| Vacant Housing Units | 862 (33.2%) |
| Median Home Value | $229,213 |
| Average Home Value | $271,318 |
Housing Distribution
Address Breakdown
Residential
1,837
Single Family
1,837
Multi-Family
0
Businesses
66
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