7861 Bradford StCentral LakeMI49622
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
Investment property for sale in Central Lake at 7861 Bradford St, Central Lake, MI, 49622 earns from $3,172/mo rent with a $4,282/mo payment. Total monthly income totals $3,172/mo. ROI tracks 9.23% on current figures, and rental yield reads 4.35% at a $874,900 purchase. Equity gained on principal adds $5,646/yr, and 5% annual appreciation supports $241,719 over five years. Five-year ROI reaches 46.09% and total cumulative return in cash sums $132,663. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,172/mo property income instead of your personal income.
Single Family
Built in 1980
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49622, Central Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,880 (100%) |
| Owner Occupied HU | 1,007 (53.6%) |
| Renter Occupied HU | 187 ( 9.9%) |
| Vacant Housing Units | 686 (36.5%) |
| Median Home Value | $261,634 |
| Average Home Value | $390,742 |
Housing Distribution
Address Breakdown
Residential
1,117
Single Family
1,117
Multi-Family
0
Businesses
77
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Walt Mann • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls ID: #1938334