1437 Lantern Ln #31-12RochesterMI48306
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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 Rochester at 1437 Lantern Ln #31-12, Rochester, MI, 48306 listed at $358,900 pairs $2,880/mo rent with a $1,757/mo payment to leave $513/mo cash flow. Total monthly income runs $2,880/mo, and annual cash flow reaches $6,154/yr on $118,975 cash to close. Return on cash invested measures 25.08% in year one, and rental yield registers 9.63% at a $358,900 basis. Equity gained on principal adds $2,316/yr, and annual property appreciation at 5% supports $99,157 by year five. Five-year ROI tracks 131.11% and total cumulative return in cash totals $155,988. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48306, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,593 (100%) |
| Owner Occupied HU | 9,469 (89.4%) |
| Renter Occupied HU | 840 ( 7.9%) |
| Vacant Housing Units | 284 ( 2.7%) |
| Median Home Value | $537,210 |
| Average Home Value | $597,620 |
Housing Distribution
Address Breakdown
Residential
10,478
Single Family
10,006
Multi-Family
472
Businesses
189
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