908 Oak DrLakeMI48632
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 Lake at 908 Oak Dr, Lake, MI, 48632 priced at $145,000 pairs $1,646/mo rent with $690/mo cash flow after a $710/mo payment. Total monthly income equals $1,646/mo, and annual cash flow comes to $8,274/yr on $48,068 invested. Return on cash invested is 37.12% in year one, and rental yield stands at 13.62% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 195.74% and total cumulative return in cash reaches $94,088. For financing, Ziffy Mortgage’s DSCR program evaluates $1,646/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48632, Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,897 (100%) |
| Owner Occupied HU | 2,161 (44.1%) |
| Renter Occupied HU | 327 ( 6.7%) |
| Vacant Housing Units | 2,409 (49.2%) |
| Median Home Value | $154,104 |
| Average Home Value | $203,006 |
Housing Distribution
Address Breakdown
Residential
2,852
Single Family
2,852
Multi-Family
0
Businesses
42
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Listed by: KARI GARBER • HARRISON REALTY INC.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162241
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