658 S Lake StCadillacMI49601
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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 Cadillac at 658 S Lake St, Cadillac, MI, 49601 listed at $310,000 pairs $1,742/mo rent with a $1,517/mo payment. Total monthly income runs $1,742/mo. Return on cash invested measures 16.38% in year one, and rental yield registers 6.74% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 84.44% and total cumulative return in cash totals $86,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,742/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49601, Cadillac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,792 (100%) |
| Owner Occupied HU | 6,921 (64.1%) |
| Renter Occupied HU | 2,336 (21.6%) |
| Vacant Housing Units | 1,535 (14.2%) |
| Median Home Value | $181,348 |
| Average Home Value | $216,653 |
Housing Distribution
Address Breakdown
Residential
9,540
Single Family
9,123
Multi-Family
417
Businesses
1,025
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