7840 Douglas Lake RdPellstonMI49769
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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 Pellston at 7840 Douglas Lake Rd, Pellston, MI, 49769 offers a 10.72% rental yield on a $339,900 purchase with $3,036/mo rent. Total monthly income registers $3,036/mo, and a $1,664/mo payment leaves $794/mo available for distribution. Annual cash flow reaches $9,530/yr on $112,677 to close, and return on cash invested stands at 28.37% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 148.76% and total cumulative return in cash at $167,615. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,036/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
4.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49769, Pellston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 922 (100%) |
| Owner Occupied HU | 601 (65.2%) |
| Renter Occupied HU | 122 (13.2%) |
| Vacant Housing Units | 199 (21.6%) |
| Median Home Value | $235,938 |
| Average Home Value | $274,613 |
Housing Distribution
Address Breakdown
Residential
691
Single Family
691
Multi-Family
0
Businesses
49
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