8866 Potter RdBear LakeMI49614
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bear Lake at 8866 Potter Rd, Bear Lake, MI, 49614 priced at $150,000 pairs $2,158/mo rent with $1,169/mo cash flow after a $734/mo payment. Total monthly income equals $2,158/mo, and annual cash flow comes to $14,028/yr on $49,725 invested. Return on cash invested is 48.12% in year one, and rental yield stands at 17.26% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 254.66% and total cumulative return in cash reaches $126,630. For financing, Ziffy Mortgage’s DSCR program evaluates $2,158/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Lot
Built in N/A
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49614, Bear Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,954 (100%) |
| Owner Occupied HU | 1,169 (59.8%) |
| Renter Occupied HU | 108 ( 5.5%) |
| Vacant Housing Units | 677 (34.6%) |
| Median Home Value | $254,448 |
| Average Home Value | $296,373 |
Housing Distribution
Address Breakdown
Residential
1,406
Single Family
1,405
Multi-Family
1
Businesses
67
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