11147 S Lacore RdEmpireMI49630
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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
Rental property for sale in Empire at 11147 S Lacore Rd, Empire, MI, 49630 generates $2,089/mo in rent, after a $2,080/mo payment. Total monthly income is $2,089/mo. Return on cash invested sits at 13.83% in year one, and rental yield is 5.9% on a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 70.79% and total cumulative return in cash sums $99,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,089/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49630, Empire, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,334 (100%) |
| Owner Occupied HU | 639 (47.9%) |
| Renter Occupied HU | 62 ( 4.6%) |
| Vacant Housing Units | 633 (47.5%) |
| Median Home Value | $446,333 |
| Average Home Value | $573,091 |
Housing Distribution
Address Breakdown
Residential
727
Single Family
727
Multi-Family
0
Businesses
76
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