1423 Luxington 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
Rental property for sale in Lapeer at 1423 Luxington St, Lapeer, MI, 48446 priced at $317,600 pairs $1,404/mo rent with after a $1,554/mo payment. Total monthly income equals $1,404/mo. Return on cash invested is 9.82% in year one, and rental yield stands at 5.3% on a $317,600 basis. Equity gained on principal adds $2,049/yr, and 5% annual appreciation accumulates to $87,747 by year five. Five-year ROI measures 50.13% and total cumulative return in cash reaches $52,782. For financing, Ziffy Mortgage’s DSCR program evaluates $1,404/mo property income against a $1,554/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2023
N/A lot
$N/A/sqft
$195 monthly 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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Listed by: Bethany A Brokaw • The Brokaw Group
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176790
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