15625 Skanee RdLanseMI49946
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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
Total monthly income runs $1,381/mo, and a $1,126/mo payment. Purchase price stands at $230,000, and rental yield measures 7.21% with $1,381/mo rent. Return on cash invested shows 17.77% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 91.88% and total cumulative return in cash records $70,051. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,381/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49946, Lanse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,309 (100%) |
| Owner Occupied HU | 1,373 (59.5%) |
| Renter Occupied HU | 353 (15.3%) |
| Vacant Housing Units | 583 (25.2%) |
| Median Home Value | $150,236 |
| Average Home Value | $183,920 |
Housing Distribution
Address Breakdown
Residential
1,753
Single Family
1,666
Multi-Family
87
Businesses
167
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Listed by: ADAM SHIREY • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50167336
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