117 Lovell StSchoolcraftMI49087
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 Schoolcraft at 117 Lovell St, Schoolcraft, MI, 49087 with 5% annual appreciation on a $223,000 basis while $1,541/mo rent supports operations. Total monthly income totals $1,541/mo and a $1,091/mo payment preserves $71/mo for cash returns. Annual cash flow comes to $851/yr on $73,925 deployed, and return on cash invested reaches 21.06% in year one. Equity gained on principal adds $1,439/yr, and five-year appreciation sums $61,611 alongside rental yield of 8.29%. Five-year ROI measures 109.55% and total cumulative return in cash totals $80,981.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,541/mo property income versus a $1,091/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashlie M Baddley • Southwest Real Estate LLC
Mls Name: MichRIC
Mls ID: #25051523