6055 Cedarhurst DrLakeMI48632
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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 Lake at 6055 Cedarhurst Dr, Lake, MI, 48632 with 5% annual appreciation on a $229,800 basis while $2,599/mo rent supports operations. Total monthly income totals $2,599/mo and a $1,125/mo payment preserves $1,050/mo for cash returns. Annual cash flow comes to $12,600/yr on $76,179 deployed, and return on cash invested reaches 36.45% in year one. Equity gained on principal adds $1,483/yr, and five-year appreciation sums $63,490 alongside rental yield of 13.57%. Five-year ROI measures 192.33% and total cumulative return in cash totals $146,512.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,599/mo property income versus a $1,125/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
1.05 Acres lot
$N/A/sqft
$400 annually 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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Listed by: ROSEMARIE MAYFIELD • HARRISON REALTY INC.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50148192
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