9361 Johnson RdLakeMI48632
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
Investment property for sale in Lake at 9361 Johnson Rd, Lake, MI, 48632 offers a 9.55% rental yield on a $246,000 purchase with $1,958/mo rent. Total monthly income registers $1,958/mo, and a $1,204/mo payment leaves $336/mo available for distribution. Annual cash flow reaches $4,030/yr on $81,549 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $1,587/yr while 5% annual appreciation supports $67,965 over five years. Portfolio math shows five-year ROI at 129.88% and total cumulative return in cash at $105,914. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,958/mo property income against a $1,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
2 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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