W3951 Lake Mary Dr SVulcanMI49892
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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 Vulcan at W3951 Lake Mary Dr S, Vulcan, MI, 49892 offers a 10.23% rental yield on a $435,000 purchase with $3,710/mo rent. Total monthly income registers $3,710/mo, and a $2,129/mo payment leaves $842/mo available for distribution. Annual cash flow reaches $10,098/yr on $144,203 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 140.93% and total cumulative return in cash at $203,220. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,710/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2011
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49892, Vulcan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,378 (100%) |
| Owner Occupied HU | 847 (61.5%) |
| Renter Occupied HU | 83 ( 6.0%) |
| Vacant Housing Units | 448 (32.5%) |
| Median Home Value | $198,018 |
| Average Home Value | $234,038 |
Housing Distribution
Address Breakdown
Residential
915
Single Family
915
Multi-Family
0
Businesses
10
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Listed by: RYAN GORDON • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176884
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.