110 S 2nd StLawrenceMI49064
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
Investment property for sale in Lawrence at 110 S 2nd St, Lawrence, MI, 49064 offers a 3.23% rental yield on a $235,900 purchase with $634/mo rent. 76% in year one. Equity gained on principal adds $1,522/yr while 5% annual appreciation supports $65,175 over five years. Portfolio math shows five-year ROI at 27.5% and total cumulative return in cash at $21,503. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $634/mo property income against a $1,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49064, Lawrence, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,813 (100%) |
| Owner Occupied HU | 1,180 (65.1%) |
| Renter Occupied HU | 261 (14.4%) |
| Vacant Housing Units | 372 (20.5%) |
| Median Home Value | $235,714 |
| Average Home Value | $276,869 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,539
Multi-Family
101
Businesses
86
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices