1376 Lathrop RdAllentonMI48002
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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 Allenton at 1376 Lathrop Rd, Allenton, MI, 48002 earns from $1,898/mo rent with a $1,762/mo payment. Total monthly income totals $1,898/mo. ROI tracks 15.12% on current figures, and rental yield reads 6.33% at a $359,900 purchase. Equity gained on principal adds $2,322/yr, and 5% annual appreciation supports $99,434 over five years. Five-year ROI reaches 77.73% and total cumulative return in cash sums $92,738. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,898/mo property income instead of your personal income.
Single Family
Built in 1957
10.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48002, Allenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,225 (100%) |
| Owner Occupied HU | 1,116 (91.1%) |
| Renter Occupied HU | 67 ( 5.5%) |
| Vacant Housing Units | 42 ( 3.4%) |
| Median Home Value | $323,094 |
| Average Home Value | $325,284 |
Housing Distribution
Address Breakdown
Residential
1,211
Single Family
1,211
Multi-Family
0
Businesses
30
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