1205 Lancaster StLapeerMI48446
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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 Lapeer at 1205 Lancaster St, Lapeer, MI, 48446 uses $120,997 cash to close to unlock $9,858/yr annual cash flow and $822/mo monthly cash flow. Total monthly income runs $3,228/mo, and a $1,786/mo payment keeps the spread at $822/mo. Purchase price stands at $364,999, and rental yield measures 10.61% with $3,228/mo rent. Return on cash invested shows 28.06% in year one, and 5% annual appreciation builds toward $100,842 over five years. Five-year ROI reaches 147.07% and total cumulative return in cash records $177,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,228/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
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