12364 Apple Cart LnLowellMI49331
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 Lowell at 12364 Apple Cart Ln, Lowell, MI, 49331 uses $235,235 cash to close to unlock $10,705/yr annual cash flow and $892/mo monthly cash flow. Total monthly income runs $5,653/mo, and a $3,500/mo payment keeps the spread at $892/mo. Purchase price stands at $715,000, and rental yield measures 9.49% with $5,653/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $197,541 over five years. Five-year ROI reaches 128.66% and total cumulative return in cash records $302,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,653/mo property income covering a $3,500/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.71 Acres lot
$N/A/sqft
$545 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49331, Lowell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,058 (100%) |
| Owner Occupied HU | 5,833 (82.6%) |
| Renter Occupied HU | 1,025 (14.5%) |
| Vacant Housing Units | 200 ( 2.8%) |
| Median Home Value | $356,764 |
| Average Home Value | $388,759 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,605
Multi-Family
521
Businesses
398
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