798 Thumb Lake RdVanderbiltMI49795
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 Vanderbilt at 798 Thumb Lake Rd, Vanderbilt, MI, 49795 priced at $190,000 pairs $1,224/mo rent with after a $930/mo payment. Total monthly income equals $1,224/mo. Return on cash invested is 19.36% in year one, and rental yield stands at 7.73% on a $190,000 basis. Equity gained on principal adds $1,226/yr, and 5% annual appreciation accumulates to $52,494 by year five. Five-year ROI measures 100.41% and total cumulative return in cash reaches $63,240. For financing, Ziffy Mortgage’s DSCR program evaluates $1,224/mo property income against a $930/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49795, Vanderbilt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 689 (56.3%) |
| Renter Occupied HU | 185 (15.1%) |
| Vacant Housing Units | 349 (28.5%) |
| Median Home Value | $189,366 |
| Average Home Value | $265,581 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
780
Multi-Family
20
Businesses
45
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Nearby investment properties with comparable prices
Listed by: Beth Flynn • @properties Christie's International Real Estate - Petoskey
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476542
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.