16149 Poor Farm RdLanseMI49946
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lanse at 16149 Poor Farm Rd, Lanse, MI, 49946 earns $1,012/mo cash flow from $2,983/mo rent with a $1,463/mo payment. Total monthly income totals $2,983/mo, and annual cash flow totals $12,140/yr on $99,119 capital. ROI tracks 32.16% on current figures, and rental yield reads 11.97% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 169.04% and total cumulative return in cash sums $167,554. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,983/mo property income instead of your personal income.
Single Family
Built in 1997
24.72 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices