6038 Paradise TrlCarp LakeMI49718
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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 Carp Lake at 6038 Paradise Trl, Carp Lake, MI, 49718 offers a 2.79% rental yield on a $777,000 purchase with $1,807/mo rent. 49% in year one. Equity gained on principal adds $5,014/yr while 5% annual appreciation supports $214,671 over five years. Portfolio math shows five-year ROI at 20.67% and total cumulative return in cash at $52,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,807/mo property income against a $3,803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49718, Carp Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 314 (39.4%) |
| Renter Occupied HU | 61 ( 7.7%) |
| Vacant Housing Units | 421 (52.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $330,669 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
22
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