8220 Indian Shores DrHoward CityMI49329
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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 Howard City at 8220 Indian Shores Dr, Howard City, MI, 49329 offers a 5.16% rental yield on a $365,000 purchase with $1,570/mo rent. 55% in year one. Equity gained on principal adds $2,355/yr while 5% annual appreciation supports $100,843 over five years. Portfolio math shows five-year ROI at 58.61% and total cumulative return in cash at $70,915. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,570/mo property income against a $1,786/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.26 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49329, Howard City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,541 (100%) |
| Owner Occupied HU | 2,849 (80.5%) |
| Renter Occupied HU | 403 (11.4%) |
| Vacant Housing Units | 289 ( 8.2%) |
| Median Home Value | $226,108 |
| Average Home Value | $242,401 |
Housing Distribution
Address Breakdown
Residential
3,350
Single Family
3,287
Multi-Family
63
Businesses
168
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Nearby investment properties with comparable prices
Listed by: Pamela S Merriman • 616 Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25023595
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.