6280 Kim CtOtter 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 6280 Kim Ct, Otter Lake, MI, 48464 offers a 10.17% rental yield on a $329,900 purchase with $2,795/mo rent. Total monthly income registers $2,795/mo, and a $1,615/mo payment leaves $619/mo available for distribution. Annual cash flow reaches $7,430/yr on $109,362 to close, and return on cash invested stands at 26.7% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 139.84% and total cumulative return in cash at $152,931. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,795/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
2.08 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: Kelly A Smith • Smith Street
Mls Name: Realcomp II
Mls ID: #20251048690