7623 Beck RdOttawa LakeMI49267
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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
Investment property for sale in Ottawa Lake at 7623 Beck Rd, Ottawa Lake, MI, 49267 offers a 10.33% rental yield on a $239,900 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $1,174/mo payment leaves $483/mo available for distribution. Annual cash flow reaches $5,798/yr on $79,527 to close, and return on cash invested stands at 27.2% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 142.53% and total cumulative return in cash at $113,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1894
1.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49267, Ottawa Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,537 (83.9%) |
| Renter Occupied HU | 203 (11.1%) |
| Vacant Housing Units | 91 ( 5.0%) |
| Median Home Value | $311,960 |
| Average Home Value | $355,325 |
Housing Distribution
Address Breakdown
Residential
1,645
Single Family
1,645
Multi-Family
0
Businesses
102
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Listed by: Doug Vandergrift • Vandergrift Company - Lambertville
Mls Name: MiRealSource
Mls ID: #50196797