624 6th StLake LindenMI49945
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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 Linden at 624 6th St, Lake Linden, MI, 49945 earns $139/mo cash flow from $864/mo rent with a $538/mo payment. Total monthly income totals $864/mo, and annual cash flow totals $1,670/yr on $36,432 capital. ROI tracks 24.49% on current figures, and rental yield reads 9.43% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 128.08% and total cumulative return in cash sums $46,660. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $864/mo property income instead of your personal income.
Single Family
Built in 1900
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49945, Lake Linden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,298 (100%) |
| Owner Occupied HU | 1,157 (50.3%) |
| Renter Occupied HU | 215 ( 9.4%) |
| Vacant Housing Units | 926 (40.3%) |
| Median Home Value | $164,756 |
| Average Home Value | $217,137 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,432
Multi-Family
74
Businesses
54
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Listed by: CRAIG HEINONEN • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls ID: #50194144