646 Forest BlvdLakeMI48632
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
Rental property for sale in Lake at 646 Forest Blvd, Lake, MI, 48632 offers $1,303/mo rent that, after a $1,441/mo payment. Total monthly income is $1,303/mo. Return on cash invested measures 12.06% in year one, and rental yield stands at 5.31% at a $294,500 entry. Equity gained on principal adds $1,900/yr while 5% annual appreciation compounds into $81,365 by year five. Five-year ROI records 61.31% and total cumulative return in cash reaches $59,857. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,303/mo property income versus a $1,441/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48632, Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,897 (100%) |
| Owner Occupied HU | 2,161 (44.1%) |
| Renter Occupied HU | 327 ( 6.7%) |
| Vacant Housing Units | 2,409 (49.2%) |
| Median Home Value | $154,104 |
| Average Home Value | $203,006 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,852
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices