981 Main 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
Rental property for sale in Lake Linden at 981 Main St, Lake Linden, MI, 49945 priced at $130,000 converts $1,040/mo rent into $183/mo cash flow after a $636/mo obligation. Total monthly income equals $1,040/mo, and annual cash flow totals $2,196/yr on $43,095 invested. Return on cash invested prints 25% in year one, and rental yield reads 9.6% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 130.66% and total cumulative return in cash sums $56,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,040/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1904
0.42 Acres 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: KRISTINE WEIDNER (JUKURI) • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50155565
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