1243 S Lake Pleasant RdAtticaMI48412
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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 Attica at 1243 S Lake Pleasant Rd, Attica, MI, 48412 earns $242/mo cash flow from $1,627/mo rent with a $1,028/mo payment. Total monthly income totals $1,627/mo, and annual cash flow totals $2,904/yr on $69,615 capital. ROI tracks 24.08% on current figures, and rental yield reads 9.3% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 125.74% and total cumulative return in cash sums $87,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,627/mo property income instead of your personal income.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48412, Attica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,208 (85.0%) |
| Renter Occupied HU | 148 ( 5.7%) |
| Vacant Housing Units | 242 ( 9.3%) |
| Median Home Value | $261,806 |
| Average Home Value | $288,560 |
Housing Distribution
Address Breakdown
Residential
2,344
Single Family
2,344
Multi-Family
0
Businesses
71
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