6396 N Reynolds RdLake AnnMI49650
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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 Lake Ann at 6396 N Reynolds Rd, Lake Ann, MI, 49650 priced at $285,000 pairs $1,758/mo rent with after a $1,395/mo payment. Total monthly income equals $1,758/mo. Return on cash invested is 18.37% in year one, and rental yield stands at 7.4% on a $285,000 basis. Equity gained on principal adds $1,839/yr, and 5% annual appreciation accumulates to $78,740 by year five. Five-year ROI measures 95.12% and total cumulative return in cash reaches $89,862. For financing, Ziffy Mortgage’s DSCR program evaluates $1,758/mo property income against a $1,395/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49650, Lake Ann, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,579 (100%) |
| Owner Occupied HU | 1,225 (77.6%) |
| Renter Occupied HU | 93 ( 5.9%) |
| Vacant Housing Units | 261 (16.5%) |
| Median Home Value | $249,922 |
| Average Home Value | $283,304 |
Housing Distribution
Address Breakdown
Residential
1,287
Single Family
1,287
Multi-Family
0
Businesses
75
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Listed by: Anne Schwartz • CENTURY 21 Northland
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929621
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.