1824 Rhoda St SELowellMI49331
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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 Lowell at 1824 Rhoda St SE, Lowell, MI, 49331 uses $49,725 cash to close to unlock $2,268/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $1,178/mo, and a $734/mo payment keeps the spread at $189/mo. Purchase price stands at $150,000, and rental yield measures 9.42% with $1,178/mo rent. Return on cash invested shows 24.47% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 127.82% and total cumulative return in cash records $63,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,178/mo property income covering a $734/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49331, Lowell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,058 (100%) |
| Owner Occupied HU | 5,833 (82.6%) |
| Renter Occupied HU | 1,025 (14.5%) |
| Vacant Housing Units | 200 ( 2.8%) |
| Median Home Value | $356,764 |
| Average Home Value | $388,759 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,605
Multi-Family
521
Businesses
398
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