9501 Chief RdBear LakeMI49614
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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 Bear Lake at 9501 Chief Rd, Bear Lake, MI, 49614 earns $222/mo cash flow from $5,168/mo rent with a $3,671/mo payment. Total monthly income totals $5,168/mo, and annual cash flow totals $2,664/yr on $246,750 capital. ROI tracks 21.14% on current figures, and rental yield reads 8.27% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 109.94% and total cumulative return in cash sums $271,266. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,168/mo property income instead of your personal income.
Single Family
Built in 2022
2.07 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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Listed by: Stacy Allman • Keller Williams Northern Michi
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1925063
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.