7716 Five Lakes DrFarwellMI48622
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 Farwell at 7716 Five Lakes Dr, Farwell, MI, 48622 offers $1,944/mo rent that, after a $3,181/mo payment. Total monthly income is $1,944/mo. Return on cash invested measures 6.82% in year one, and rental yield stands at 3.59% at a $649,900 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,555 by year five. Five-year ROI records 33.15% and total cumulative return in cash reaches $70,890. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,944/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
10,018 sqft lot
$N/A/sqft
$218 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48622, Farwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,479 (100%) |
| Owner Occupied HU | 2,259 (64.9%) |
| Renter Occupied HU | 378 (10.9%) |
| Vacant Housing Units | 842 (24.2%) |
| Median Home Value | $170,966 |
| Average Home Value | $201,760 |
Housing Distribution
Address Breakdown
Residential
2,793
Single Family
2,769
Multi-Family
24
Businesses
110
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Listed by: Tricia Boerma • BOERMA REALTY, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927120
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.