702 Lake St,Saugatuck,MI,49453

Investment Highlights

Rental property for sale in Saugatuck at 702 Lake St, Saugatuck, MI, 49453 offers $4,818/mo rent that, after a $7,124/mo payment. Total monthly income is $4,818/mo. Return on cash invested measures 6.76% in year one, and rental yield stands at 3.97% at a $1,455,500 entry. Equity gained on principal adds $9,392/yr while 5% annual appreciation compounds into $402,128 by year five. Five-year ROI records 33.33% and total cumulative return in cash reaches $157,172. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,818/mo property income versus a $7,124/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.