8720 Turner RdLakesideMI49116
Nearby investment properties with comparable rents
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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 Lakeside at 8720 Turner Rd, Lakeside, MI, 49116 priced at $989,000 converts $3,363/mo rent into after a $4,841/mo obligation. Total monthly income equals $3,363/mo. Return on cash invested prints 8.21% in year one, and rental yield reads 4.08% against a $989,000 entry. Equity gained on principal adds $6,382/yr, while 5% annual appreciation compiles into $273,242 by year five. Five-year ROI reaches 40.68% and total cumulative return in cash sums $132,366. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,363/mo property income covering a $4,841/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.50 Acres lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49116, Lakeside, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 448 (100%) |
| Owner Occupied HU | 153 (34.2%) |
| Renter Occupied HU | 11 ( 2.5%) |
| Vacant Housing Units | 284 (63.4%) |
| Median Home Value | $535,256 |
| Average Home Value | $661,667 |
Housing Distribution
Address Breakdown
Residential
220
Single Family
220
Multi-Family
0
Businesses
7
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