220 King St #6LowellMI49331
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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 Lowell at 220 King St #6, Lowell, MI, 49331 generates $1,380/mo in rent, after a $2,051/mo payment. Total monthly income is $1,380/mo. Return on cash invested sits at 6.41% in year one, and rental yield is 3.95% on a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 31.55% and total cumulative return in cash sums $43,829. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$179 monthly 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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