6419 E Gill RdCarp LakeMI49718
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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 Carp Lake at 6419 E Gill Rd, Carp Lake, MI, 49718 earns $261/mo cash flow from $2,140/mo rent with a $1,395/mo payment. Total monthly income totals $2,140/mo, and annual cash flow totals $3,126/yr on $94,478 capital. ROI tracks 23.22% on current figures, and rental yield reads 9.01% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 121.14% and total cumulative return in cash sums $114,450. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,140/mo property income instead of your personal income.
Single Family
Built in 1902
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49718, Carp Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 314 (39.4%) |
| Renter Occupied HU | 61 ( 7.7%) |
| Vacant Housing Units | 421 (52.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $330,669 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
22
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