2542 Lakeshore DrFennvilleMI49408
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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 Fennville at 2542 Lakeshore Dr, Fennville, MI, 49408 generates $4,295/mo in rent, after a $9,544/mo payment. Total monthly income is $4,295/mo. Return on cash invested sits at 4.1% in year one, and rental yield is 2.64% on a $1,950,000 entry. Equity gained on principal adds $12,583/yr, while 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 18.53% and total cumulative return in cash sums $117,065. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,295/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49408, Fennville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,896 (100%) |
| Owner Occupied HU | 3,416 (69.8%) |
| Renter Occupied HU | 538 (11.0%) |
| Vacant Housing Units | 942 (19.2%) |
| Median Home Value | $330,769 |
| Average Home Value | $479,057 |
Housing Distribution
Address Breakdown
Residential
4,202
Single Family
4,062
Multi-Family
140
Businesses
143
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