2056 M 65 NLachineMI49753
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 Lachine at 2056 M 65 N, Lachine, MI, 49753 offers a 9.25% rental yield on a $215,000 purchase with $1,657/mo rent. Total monthly income registers $1,657/mo, and a $1,052/mo payment leaves $240/mo available for distribution. Annual cash flow reaches $2,874/yr on $71,273 to close, and return on cash invested stands at 23.94% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 125.01% and total cumulative return in cash at $89,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,657/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
12.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49753, Lachine, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,362 (100%) |
| Owner Occupied HU | 761 (55.9%) |
| Renter Occupied HU | 88 ( 6.5%) |
| Vacant Housing Units | 513 (37.7%) |
| Median Home Value | $183,553 |
| Average Home Value | $211,659 |
Housing Distribution
Address Breakdown
Residential
936
Single Family
936
Multi-Family
0
Businesses
22
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Nearby investment properties with comparable prices
Listed by: Lorri Lynn Rondeau • Real Estate One of Alpena
Mls Name: WWMLS
Mls Provider:
Mls ID: #201834569
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