1361 Remington DrLowellMI49331
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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
Rental property for sale in Lowell at 1361 Remington Dr, Lowell, MI, 49331 priced at $472,000 pairs $3,834/mo rent with $698/mo cash flow after a $2,310/mo payment. Total monthly income equals $3,834/mo, and annual cash flow comes to $8,379/yr on $156,468 invested. Return on cash invested is 25.26% in year one, and rental yield stands at 9.75% on a $472,000 basis. Equity gained on principal adds $3,046/yr, and 5% annual appreciation accumulates to $130,405 by year five. Five-year ROI measures 132.17% and total cumulative return in cash reaches $206,809. For financing, Ziffy Mortgage’s DSCR program evaluates $3,834/mo property income against a $2,310/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
0.26 Acres lot
$N/A/sqft
$280 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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