7962 Norconk RdBear LakeMI49614
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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
Investment property for sale in Bear Lake at 7962 Norconk Rd, Bear Lake, MI, 49614 listed at $250,000 pairs $3,440/mo rent with a $1,224/mo payment to leave $1,791/mo cash flow. Total monthly income runs $3,440/mo, and annual cash flow reaches $21,492/yr on $82,875 cash to close. Return on cash invested measures 45.84% in year one, and rental yield registers 16.51% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 242.42% and total cumulative return in cash totals $200,902. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,440/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49614, Bear Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,169 (59.8%) |
| Renter Occupied HU | 108 ( 5.5%) |
| Vacant Housing Units | 677 (34.6%) |
| Median Home Value | $254,448 |
| Average Home Value | $296,373 |
Housing Distribution
Address Breakdown
Residential
1,406
Single Family
1,405
Multi-Family
1
Businesses
67
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