6308 Automobile RdTwin LakeMI49457
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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
Rental property for sale in Twin Lake at 6308 Automobile Rd, Twin Lake, MI, 49457 generates $1,825/mo in rent and, after a $1,096/mo payment, leaves $348/mo in cash flow. Total monthly income is $1,825/mo, and annual cash flow is $4,178/yr on $74,256 invested. Return on cash invested sits at 25.54% in year one, and rental yield is 9.78% on a $224,000 entry. Equity gained on principal adds $1,445/yr, while 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 133.59% and total cumulative return in cash sums $99,199. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,825/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49457, Twin Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,479 (100%) |
| Owner Occupied HU | 3,772 (84.2%) |
| Renter Occupied HU | 316 ( 7.1%) |
| Vacant Housing Units | 391 ( 8.7%) |
| Median Home Value | $258,877 |
| Average Home Value | $290,128 |
Housing Distribution
Address Breakdown
Residential
4,301
Single Family
4,301
Multi-Family
0
Businesses
82
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