902 Calumet StLake LindenMI49945
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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 Lake Linden at 902 Calumet St, Lake Linden, MI, 49945 uses $72,897 cash to close to unlock $5,474/yr annual cash flow and $456/mo monthly cash flow. Total monthly income runs $1,906/mo, and a $1,076/mo payment keeps the spread at $456/mo. Purchase price stands at $219,900, and rental yield measures 10.4% with $1,906/mo rent. Return on cash invested shows 27.42% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 143.7% and total cumulative return in cash records $104,752. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,906/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1903
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49945, Lake Linden, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,298 (100%) |
| Owner Occupied HU | 1,157 (50.3%) |
| Renter Occupied HU | 215 ( 9.4%) |
| Vacant Housing Units | 926 (40.3%) |
| Median Home Value | $164,756 |
| Average Home Value | $217,137 |
Housing Distribution
Address Breakdown
Residential
1,506
Single Family
1,432
Multi-Family
74
Businesses
54
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Listed by: JULIE WAARA • NORTHERN MICHIGAN LAND BROKERS - H
Mls Name: Upper Peninsula AOR
Mls ID: #50194887