151 Lakeside DrQuincyMI49082
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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 Quincy at 151 Lakeside Dr, Quincy, MI, 49082 offers $2,309/mo rent that, after a $3,225/mo payment. Total monthly income is $2,309/mo. Return on cash invested measures 8.79% in year one, and rental yield stands at 4.2% at a $659,000 entry. Equity gained on principal adds $4,252/yr while 5% annual appreciation compounds into $182,070 by year five. Five-year ROI records 43.72% and total cumulative return in cash reaches $94,783. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,309/mo property income versus a $3,225/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49082, Quincy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,102 (100%) |
| Owner Occupied HU | 2,037 (65.7%) |
| Renter Occupied HU | 419 (13.5%) |
| Vacant Housing Units | 646 (20.8%) |
| Median Home Value | $194,318 |
| Average Home Value | $234,561 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,532
Multi-Family
74
Businesses
129
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