7963 E State StCentral LakeMI49622
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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
Rental property for sale in Central Lake at 7963 E State St, Central Lake, MI, 49622 priced at $175,000 converts $1,377/mo rent into $223/mo cash flow after a $857/mo obligation. Total monthly income equals $1,377/mo, and annual cash flow totals $2,670/yr on $58,013 invested. Return on cash invested prints 24.51% in year one, and rental yield reads 9.44% against a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation compiles into $48,349 by year five. Five-year ROI reaches 128.09% and total cumulative return in cash sums $74,311. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,377/mo property income covering a $857/mo payment, not borrower’s personal income.
Single Family
Built in 1900
2,548 sqft 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
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Listed by: Kathleen Lightbody • Key Realty - TC
Mls Name: WWMLS
Mls ID: #201838156