2580 Lakeshore DrFennvilleMI49408
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Fennville at 2580 Lakeshore Dr, Fennville, MI, 49408 earns from $3,626/mo rent with a $8,296/mo payment. Total monthly income totals $3,626/mo. ROI tracks 3.87% on current figures, and rental yield reads 2.57% at a $1,695,000 purchase. Equity gained on principal adds $10,938/yr, and 5% annual appreciation supports $468,297 over five years. Five-year ROI reaches 17.27% and total cumulative return in cash sums $94,869. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,626/mo property income instead of your personal income.
Single Family
Built in 1985
0.71 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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