231-233 Lovell StSchoolcraftMI49087
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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 Schoolcraft at 231-233 Lovell St, Schoolcraft, MI, 49087 listed at $295,000 pairs $1,627/mo rent with a $1,444/mo payment. Total monthly income runs $1,627/mo. Return on cash invested measures 16% in year one, and rental yield registers 6.62% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 82.44% and total cumulative return in cash totals $80,618. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,627/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1991
0.25 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: David Lambe Elevate Team • Michigan Top Producers
Mls Name: MichRIC
Mls ID: #25062188