2438 Lakeview DrLewistonMI49756
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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 Lewiston at 2438 Lakeview Dr, Lewiston, MI, 49756 generates $2,543/mo in rent, after a $9,495/mo payment. Total monthly income is $2,543/mo. Return on cash invested sits at 0.8% in year one, and rental yield is 1.57% on a $1,940,000 entry. Equity gained on principal adds $12,519/yr, while 5% annual appreciation builds toward $535,986 over five years. Five-year ROI reaches 0.82% and total cumulative return in cash sums $5,133. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,543/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 1912
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49756, Lewiston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,461 (100%) |
| Owner Occupied HU | 1,726 (38.7%) |
| Renter Occupied HU | 227 ( 5.1%) |
| Vacant Housing Units | 2,508 (56.2%) |
| Median Home Value | $218,037 |
| Average Home Value | $232,378 |
Housing Distribution
Address Breakdown
Residential
2,143
Single Family
2,101
Multi-Family
42
Businesses
109
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