725 Edenville Lake RdHopeMI48628
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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 Hope at 725 Edenville Lake Rd, Hope, MI, 48628 generates $4,625/mo in rent, after a $6,118/mo payment. Total monthly income is $4,625/mo. Return on cash invested sits at 9.65% in year one, and rental yield is 4.44% on a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation builds toward $345,352 over five years. Five-year ROI reaches 48.27% and total cumulative return in cash sums $195,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,625/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
4.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
Businesses
22
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Listed by: Amy Grundas • Real Estate One Great Lakes Bay
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50166065
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