9932 N Tenor DrInterlochenMI49643
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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 Interlochen at 9932 N Tenor Dr, Interlochen, MI, 49643 offers a 5.99% rental yield on a $409,000 purchase with $2,040/mo rent. 09% in year one. Equity gained on principal adds $2,639/yr while 5% annual appreciation supports $112,999 over five years. Portfolio math shows five-year ROI at 72.18% and total cumulative return in cash at $97,857. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,040/mo property income against a $2,002/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
1.10 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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Listed by: Lou Okma • REO-TCRandolph-233022
Mls Name: NGLRMLS
Mls ID: #1938888