1637 S Lake Pleasant RdUnionvilleMI48412
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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 Unionville at 1637 S Lake Pleasant Rd, Unionville, MI, 48412 generates $2,039/mo in rent, after a $2,080/mo payment. Total monthly income is $2,039/mo. Return on cash invested sits at 13.41% in year one, and rental yield is 5.76% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 68.51% and total cumulative return in cash sums $96,521. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,039/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48412, Attica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,208 (85.0%) |
| Renter Occupied HU | 148 ( 5.7%) |
| Vacant Housing Units | 242 ( 9.3%) |
| Median Home Value | $261,806 |
| Average Home Value | $288,560 |
Housing Distribution
Address Breakdown
Residential
2,344
Single Family
2,344
Multi-Family
0
Businesses
71
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Listed by: Amy Forti • Realty Volution.com
Mls Name: Realcomp II
Mls ID: #20251052324