8 Chimney RdgGlen ArborMI49636
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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 Glen Arbor at 8 Chimney Rdg, Glen Arbor, MI, 49636 offers $2,596/mo rent that, after a $5,506/mo payment. Total monthly income is $2,596/mo. Return on cash invested measures 4.49% in year one, and rental yield stands at 2.77% at a $1,125,000 entry. Equity gained on principal adds $7,259/yr while 5% annual appreciation compounds into $310,817 by year five. Five-year ROI records 20.62% and total cumulative return in cash reaches $75,176. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,596/mo property income versus a $5,506/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49636, Glen Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 673 (100%) |
| Owner Occupied HU | 171 (25.4%) |
| Renter Occupied HU | 8 ( 1.2%) |
| Vacant Housing Units | 494 (73.4%) |
| Median Home Value | $878,125 |
| Average Home Value | $1,075,073 |
Housing Distribution
Address Breakdown
Residential
206
Single Family
206
Multi-Family
0
Businesses
84
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Listed by: Ranae Ihme • LVR Realty, LLC
Mls Name: NGLRMLS
Mls ID: #1939973