7323 Karlin RdInterlochenMI49643
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
Rental property for sale in Interlochen at 7323 Karlin Rd, Interlochen, MI, 49643 generates $1,972/mo in rent and, after a $1,404/mo payment, leaves $80/mo in cash flow. Total monthly income is $1,972/mo, and annual cash flow is $963/yr on $95,107 invested. Return on cash invested sits at 20.92% in year one, and rental yield is 8.25% on a $286,900 entry. Equity gained on principal adds $1,851/yr, while 5% annual appreciation builds toward $79,265 over five years. Five-year ROI reaches 108.83% and total cumulative return in cash sums $103,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,972/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
2.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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Listed by: Sue Louiselle • Coldwell Banker Schmidt Traver
Mls Name: NGLRMLS
Mls ID: #1940164