8106 W 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
Investment property for sale in Central Lake at 8106 W State St, Central Lake, MI, 49622 with 5% annual appreciation on a $229,500 basis while $1,614/mo rent supports operations. Total monthly income totals $1,614/mo and a $1,123/mo payment preserves $101/mo for cash returns. Annual cash flow comes to $1,210/yr on $76,079 deployed, and return on cash invested reaches 21.5% in year one. Equity gained on principal adds $1,481/yr, and five-year appreciation sums $63,407 alongside rental yield of 8.44%. Five-year ROI measures 111.89% and total cumulative return in cash totals $85,122.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,614/mo property income versus a $1,123/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
6,534 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: Floyd Seal • REO-TCBellaire-233025
Mls Name: NGLRMLS
Mls ID: #1940850