N9297 NORWAY LAKE ROADFelchMI49831
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 Felch at N9297 NORWAY LAKE ROAD, Felch, MI, 49831 generates $1,314/mo in rent, after a $1,782/mo payment. Total monthly income is $1,314/mo. Return on cash invested sits at 9.1% in year one, and rental yield is 4.33% on a $364,000 entry. Equity gained on principal adds $2,349/yr, while 5% annual appreciation builds toward $100,566 over five years. Five-year ROI reaches 45.45% and total cumulative return in cash sums $54,845. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
17.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49831, Felch, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 468 (100%) |
| Owner Occupied HU | 247 (52.8%) |
| Renter Occupied HU | 18 ( 3.8%) |
| Vacant Housing Units | 203 (43.4%) |
| Median Home Value | $206,618 |
| Average Home Value | $226,700 |
Housing Distribution
Address Breakdown
Residential
328
Single Family
328
Multi-Family
0
Businesses
10
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