108 N Lester StCapacMI48014
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 108 N Lester St, Capac, MI, 48014 in Capac the bet is firmly on appreciation. Rental yield 5.88%. The 5.88% gross yield on a $299,900 price is below income-first thresholds, but 5%/yr value growth projects $82,857 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.09) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $81,535.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 6.1% |
| Monthly Cash Flow | $(509) | $350 |
City averages based on Capac market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,469 |
| Total Monthly Debt Service | $1,858 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48014, Capac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,740 (100%) |
| Owner Occupied HU | 1,364 (78.4%) |
| Renter Occupied HU | 281 (16.1%) |
| Vacant Housing Units | 95 ( 5.5%) |
| Median Home Value | $220,342 |
| Average Home Value | $270,343 |
Housing Distribution
Address Breakdown
Residential
1,367
Single Family
1,190
Multi-Family
177
Businesses
103
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
Single Family
Built in 2025
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48014, Capac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,740 (100%) |
| Owner Occupied HU | 1,364 (78.4%) |
| Renter Occupied HU | 281 (16.1%) |
| Vacant Housing Units | 95 ( 5.5%) |
| Median Home Value | $220,342 |
| Average Home Value | $270,343 |
Housing Distribution
Address Breakdown
Residential
1,367
Single Family
1,190
Multi-Family
177
Businesses
103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices