Castle RdOtter lakeMI48464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Otter lake at Castle Rd, Otter lake, MI, 48464 priced at $239,300 pairs $1,825/mo rent with $247/mo cash flow after a $1,171/mo payment. Total monthly income equals $1,825/mo, and annual cash flow comes to $2,966/yr on $79,328 invested. Return on cash invested is 23.65% in year one, and rental yield stands at 9.15% on a $239,300 basis. Equity gained on principal adds $1,544/yr, and 5% annual appreciation accumulates to $66,114 by year five. Five-year ROI measures 123.47% and total cumulative return in cash reaches $97,943. For financing, Ziffy Mortgage’s DSCR program evaluates $1,825/mo property income against a $1,171/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48464, Otter Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 955 (100%) |
| Owner Occupied HU | 727 (76.1%) |
| Renter Occupied HU | 73 ( 7.6%) |
| Vacant Housing Units | 155 (16.2%) |
| Median Home Value | $223,295 |
| Average Home Value | $245,330 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
809
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A