6240 Terry DrSix LakesMI48886
Nearby investment properties with comparable rents
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
Rental property for sale in Six Lakes at 6240 Terry Dr, Six Lakes, MI, 48886 generates $1,704/mo in rent and, after a $688/mo payment, leaves $777/mo in cash flow. Total monthly income is $1,704/mo, and annual cash flow is $9,326/yr on $46,576 invested. Return on cash invested sits at 39.93% in year one, and rental yield is 14.55% on a $140,500 entry. Equity gained on principal adds $907/yr, while 5% annual appreciation builds toward $38,818 over five years. Five-year ROI reaches 210.83% and total cumulative return in cash sums $98,195. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,704/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48886, Six Lakes, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,333 (100%) |
| Owner Occupied HU | 842 (63.2%) |
| Renter Occupied HU | 115 ( 8.6%) |
| Vacant Housing Units | 376 (28.2%) |
| Median Home Value | $200,938 |
| Average Home Value | $213,625 |
Housing Distribution
Address Breakdown
Residential
946
Single Family
946
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Reidt • Five Star Real Estate - Ithaca
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1937674
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.