6403 Blue Lake RdTwin LakeMI49457
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
Investment property for sale in Twin Lake at 6403 Blue Lake Rd, Twin Lake, MI, 49457 uses $79,527 cash to close to unlock $4,346/yr annual cash flow and $362/mo monthly cash flow. Total monthly income runs $1,944/mo, and a $1,174/mo payment keeps the spread at $362/mo. Purchase price stands at $239,900, and rental yield measures 9.72% with $1,944/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 132.72% and total cumulative return in cash records $105,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,944/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.50 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices