215 Mason StLapeerMI48446
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 Lapeer at 215 Mason St, Lapeer, MI, 48446 earns $306/mo cash flow from $1,612/mo rent with a $969/mo payment. Total monthly income totals $1,612/mo, and annual cash flow totals $3,677/yr on $65,637 capital. ROI tracks 25.51% on current figures, and rental yield reads 9.77% at a $198,000 purchase. Equity gained on principal adds $1,278/yr, and 5% annual appreciation supports $54,704 over five years. Five-year ROI reaches 133.45% and total cumulative return in cash sums $87,592. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,612/mo property income instead of your personal income.
Multi Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices