6655 Cedarhurst DrLakeMI48632
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 Lake at 6655 Cedarhurst Dr, Lake, MI, 48632 at $255,000 posts ROI 24.78% with $343/mo cash flow from $2,066/mo rent. Total monthly income equals $2,066/mo, and annual cash flow records $4,114/yr on $84,533 to close. Return on cash invested measures 24.78% and rental yield reads 9.72% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 129.69% and total cumulative return in cash totals $109,628.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,066/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
1.04 Acres lot
$N/A/sqft
$500 annually 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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Nearby investment properties with comparable prices
Listed by: Shari Marhofer • Century 21 Signature - Clare
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50160186
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