998 N Shore DrWalloon LakeMI49796
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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 Walloon Lake at 998 N Shore Dr, Walloon Lake, MI, 49796 projects strong ROI of 3.27%. Rental yield 2.37%. With 5% annual appreciation, the property builds $637,741 in value over five years. Equity growth combined delivers a projected five-year ROI of 14.06%, translating into $105,141 in total cumulative return on $747,889 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49796, Walloon Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 190 (100%) |
| Owner Occupied HU | 85 (44.7%) |
| Renter Occupied HU | 6 ( 3.2%) |
| Vacant Housing Units | 99 (52.1%) |
| Median Home Value | $245,313 |
| Average Home Value | $489,088 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
32
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A