6580 W Deerfield TrlLakeMI48632
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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 at 6580 W Deerfield Trl, Lake, MI, 48632 generates $2,167/mo in rent and, after a $1,125/mo payment, leaves $651/mo in cash flow. Total monthly income is $2,167/mo, and annual cash flow is $7,814/yr on $76,212 invested. Return on cash invested sits at 30.16% in year one, and rental yield is 11.31% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 158.42% and total cumulative return in cash sums $120,731. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,167/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
9 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
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