1900 S Pavilion DrLake CityMI49651
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 Lake City at 1900 S Pavilion Dr, Lake City, MI, 49651 at $229,000 posts ROI 20.03% with $8/mo cash flow from $1,518/mo rent. Total monthly income equals $1,518/mo, and annual cash flow records $92/yr on $75,914 to close. Return on cash invested measures 20.03% and rental yield reads 7.95% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 104.04% and total cumulative return in cash totals $78,977.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,518/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1936
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49651, Lake City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 2,685 (53.2%) |
| Renter Occupied HU | 602 (11.9%) |
| Vacant Housing Units | 1,762 (34.9%) |
| Median Home Value | $187,966 |
| Average Home Value | $256,539 |
Housing Distribution
Address Breakdown
Residential
3,243
Single Family
3,243
Multi-Family
0
Businesses
187
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Nearby investment properties with comparable prices
Listed by: Jean Prangley • REMAX Central
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932900
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.