7484 Cedar Lake RdOscodaMI48750
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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 Oscoda at 7484 Cedar Lake Rd, Oscoda, MI, 48750 priced at $417,000 pairs $1,658/mo rent with after a $2,041/mo payment. Total monthly income equals $1,658/mo. Return on cash invested is 10.43% in year one, and rental yield stands at 4.77% on a $417,000 basis. Equity gained on principal adds $2,691/yr, and 5% annual appreciation accumulates to $115,209 by year five. Five-year ROI measures 52.57% and total cumulative return in cash reaches $72,673. For financing, Ziffy Mortgage’s DSCR program evaluates $1,658/mo property income against a $2,041/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
1.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48750, Oscoda, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,569 (100%) |
| Owner Occupied HU | 3,135 (47.7%) |
| Renter Occupied HU | 1,017 (15.5%) |
| Vacant Housing Units | 2,417 (36.8%) |
| Median Home Value | $123,354 |
| Average Home Value | $190,337 |
Housing Distribution
Address Breakdown
Residential
5,006
Single Family
4,917
Multi-Family
89
Businesses
358
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