6213 Bibb RdOttawa LakeMI49267
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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 Ottawa Lake at 6213 Bibb Rd, Ottawa Lake, MI, 49267 earns $270/mo cash flow from $1,984/mo rent with a $1,272/mo payment. Total monthly income totals $1,984/mo, and annual cash flow totals $3,242/yr on $86,157 capital. ROI tracks 23.67% on current figures, and rental yield reads 9.16% at a $259,900 purchase. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash sums $106,486. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,984/mo property income instead of your personal income.
Single Family
Built in 1958
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49267, Ottawa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,537 (83.9%) |
| Renter Occupied HU | 203 (11.1%) |
| Vacant Housing Units | 91 ( 5.0%) |
| Median Home Value | $311,960 |
| Average Home Value | $355,325 |
Housing Distribution
Address Breakdown
Residential
1,645
Single Family
1,645
Multi-Family
0
Businesses
102
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Listed by: Janelle Pfeiffer • Berkshire Hathaway HomeServices Kee Realty Brown
Mls Name: MiRealSource
Mls ID: #50183759