2325 Lakeside DrFenwickMI48834
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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 Fenwick at 2325 Lakeside Dr, Fenwick, MI, 48834 listed at $494,900 pairs $2,107/mo rent with a $2,422/mo payment. Total monthly income runs $2,107/mo. Return on cash invested measures 11.45% in year one, and rental yield registers 5.11% at a $494,900 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,732 by year five. Five-year ROI tracks 58.02% and total cumulative return in cash totals $95,187. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,107/mo property income relative to a $2,422/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48834, Fenwick, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,061 (100%) |
| Owner Occupied HU | 844 (79.5%) |
| Renter Occupied HU | 119 (11.2%) |
| Vacant Housing Units | 98 ( 9.2%) |
| Median Home Value | $221,131 |
| Average Home Value | $260,749 |
Housing Distribution
Address Breakdown
Residential
926
Single Family
926
Multi-Family
0
Businesses
9
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