988 S South Long Lake RdInterlochenMI49643
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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 Interlochen at 988 S South Long Lake Rd, Interlochen, MI, 49643 generates $3,842/mo in rent and, after a $2,055/mo payment, leaves $1,073/mo in cash flow. Total monthly income is $3,842/mo, and annual cash flow is $12,878/yr on $139,197 invested. Return on cash invested sits at 29.16% in year one, and rental yield is 10.98% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 153.01% and total cumulative return in cash sums $212,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,842/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49643, Interlochen, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,434 (100%) |
| Owner Occupied HU | 2,607 (75.9%) |
| Renter Occupied HU | 297 ( 8.6%) |
| Vacant Housing Units | 530 (15.4%) |
| Median Home Value | $297,062 |
| Average Home Value | $389,578 |
Housing Distribution
Address Breakdown
Residential
3,118
Single Family
3,051
Multi-Family
67
Businesses
163
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