7106 Douglas Lake RdJohannesburgMI49751
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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 Johannesburg at 7106 Douglas Lake Rd, Johannesburg, MI, 49751 generates $1,412/mo in rent, after a $1,223/mo payment. Total monthly income is $1,412/mo. Return on cash invested sits at 16.49% in year one, and rental yield is 6.78% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 85.1% and total cumulative return in cash sums $70,502. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,412/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49751, Johannesburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,998 (100%) |
| Owner Occupied HU | 807 (40.4%) |
| Renter Occupied HU | 71 ( 3.6%) |
| Vacant Housing Units | 1,120 (56.1%) |
| Median Home Value | $246,101 |
| Average Home Value | $268,259 |
Housing Distribution
Address Breakdown
Residential
943
Single Family
943
Multi-Family
0
Businesses
49
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Listed by: Jamie Kurth • smith realty GROUP
Mls Name: WWMLS
Mls ID: #201835024