6091 Automobile RdTwin LakeMI49457
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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 Twin Lake at 6091 Automobile Rd, Twin Lake, MI, 49457 offers a 17.67% rental yield on a $114,500 purchase with $1,686/mo rent. Total monthly income registers $1,686/mo, and a $560/mo payment leaves $931/mo available for distribution. Annual cash flow reaches $11,176/yr on $37,957 to close, and return on cash invested stands at 49.35% in year one. Equity gained on principal adds $739/yr while 5% annual appreciation supports $31,634 over five years. Portfolio math shows five-year ROI at 261.35% and total cumulative return in cash at $99,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,686/mo property income against a $560/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1992
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49457, Twin Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,479 (100%) |
| Owner Occupied HU | 3,772 (84.2%) |
| Renter Occupied HU | 316 ( 7.1%) |
| Vacant Housing Units | 391 ( 8.7%) |
| Median Home Value | $258,877 |
| Average Home Value | $290,128 |
Housing Distribution
Address Breakdown
Residential
4,301
Single Family
4,301
Multi-Family
0
Businesses
82
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