6208 Marathon RdOtter LakeMI48464
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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 Otter Lake at 6208 Marathon Rd, Otter Lake, MI, 48464 uses $102,732 cash to close to unlock $1,166/yr annual cash flow and $97/mo monthly cash flow. Total monthly income runs $2,141/mo, and a $1,517/mo payment keeps the spread at $97/mo. Purchase price stands at $309,900, and rental yield measures 8.29% with $2,141/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 109.5% and total cumulative return in cash records $112,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,141/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1971
10.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48464, Otter Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 955 (100%) |
| Owner Occupied HU | 727 (76.1%) |
| Renter Occupied HU | 73 ( 7.6%) |
| Vacant Housing Units | 155 (16.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $245,330 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
809
Multi-Family
0
Businesses
21
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Listed by: Douglas F Ferrell • Realty Executives Main St LLC
Mls Name: Realcomp II
Mls ID: #20261000782