8682 Paradise TrlCarp LakeMI49718
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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 Carp Lake at 8682 Paradise Trl, Carp Lake, MI, 49718 uses $82,842 cash to close to unlock $4,226/yr annual cash flow and $352/mo monthly cash flow. Total monthly income runs $2,000/mo, and a $1,223/mo payment keeps the spread at $352/mo. Purchase price stands at $249,900, and rental yield measures 9.6% with $2,000/mo rent. Return on cash invested shows 25.01% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 130.76% and total cumulative return in cash records $108,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,000/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1930
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49718, Carp Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 796 (100%) |
| Owner Occupied HU | 314 (39.4%) |
| Renter Occupied HU | 61 ( 7.7%) |
| Vacant Housing Units | 421 (52.9%) |
| Median Home Value | $241,667 |
| Average Home Value | $330,669 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
22
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