Birch Lake Rd LOT 9WatersmeetMI49969
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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 Watersmeet at Birch Lake Rd LOT 9, Watersmeet, MI, 49969 generates $2,278/mo in rent and, after a $489/mo payment, leaves $1,619/mo in cash flow. Total monthly income is $2,278/mo, and annual cash flow is $19,428/yr on $33,150 invested. Return on cash invested sits at 78.52% in year one, and rental yield is 27.34% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 417.64% and total cumulative return in cash sums $138,448. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,278/mo property income rather than buyer’s personal income.
Lot
Built in N/A
4.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49969, Watersmeet, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,621 (100%) |
| Owner Occupied HU | 575 (35.5%) |
| Renter Occupied HU | 113 ( 7.0%) |
| Vacant Housing Units | 933 (57.6%) |
| Median Home Value | $314,583 |
| Average Home Value | $403,917 |
Housing Distribution
Address Breakdown
Residential
310
Single Family
307
Multi-Family
3
Businesses
48
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Listed by: GARY VAN WORMER • CENTURY 21 BURKETT - LOL
Mls Name: GNMLS
Mls Provider:
Mls ID: #201029
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