118 E Fall StLanseMI49946
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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 Lanse at 118 E Fall St, Lanse, MI, 49946 at $166,000 posts ROI 40.14% with $928/mo cash flow from $2,022/mo rent. Total monthly income equals $2,022/mo, and annual cash flow records $11,134/yr on $55,029 to close. Return on cash invested measures 40.14% and rental yield reads 14.62% at the current $166,000. Equity gained on principal adds $1,071/yr, and 5% annual appreciation supports $45,863 by year five. Five-year ROI prints 211.88% and total cumulative return in cash totals $116,593.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,022/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49946, Lanse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,309 (100%) |
| Owner Occupied HU | 1,373 (59.5%) |
| Renter Occupied HU | 353 (15.3%) |
| Vacant Housing Units | 583 (25.2%) |
| Median Home Value | $150,236 |
| Average Home Value | $183,920 |
Housing Distribution
Address Breakdown
Residential
1,753
Single Family
1,666
Multi-Family
87
Businesses
167
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Listed by: LAUREL MAKI • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50151022
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.