9218 Pachy RdCarp LakeMI49718
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 9218 Pachy Rd, Carp Lake, MI, 49718 in Carp Lake fits: $525,800, 5.45% gross yield, and a projected 5% annual appreciation rate adding $145,269 in value within five years. Rental yield 5.45%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (1.01) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $4,843/yr in principal paydown and $145,269 in appreciation project a total return of $130,911.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.5% | 8.0% |
| Monthly Cash Flow | $(1,079) | $450 |
City averages based on Carp Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,388 |
| Total Monthly Debt Service | $3,258 |
| DSCR Ratio | 0.73x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
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
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
Single Family
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices