6070 Parker DrLakeMI48632
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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
Investment property for sale in Lake at 6070 Parker Dr, Lake, MI, 48632 offers a 11.69% rental yield on a $119,900 purchase with $1,168/mo rent. Total monthly income registers $1,168/mo, and a $587/mo payment leaves $317/mo available for distribution. Annual cash flow reaches $3,806/yr on $39,747 to close, and return on cash invested stands at 29.48% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 155.48% and total cumulative return in cash at $61,800. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,168/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.51 Acres lot
$N/A/sqft
$60 optional 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: SHANNON CUMMINGS • CUMMINGS REALTY
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50177391
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