2588 K Dr SEast LeroyMI49051
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 2588 K Dr S, East Leroy, MI, 49051 in East Leroy is narrow, $136/mo net on $1,554/mo rent after the $967/mo debt service, but the property operates at break-even-plus, not a loss. At $215,000 with a 8.67% yield, the long-run equity case via 5% appreciation ($59,401 over five years) and $1,980/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.61 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $90,676.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.0% |
| Monthly Cash Flow | $136 | $250 |
City averages based on East Leroy market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,554 |
| Total Monthly Debt Service | $1,332 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
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
Single Family
Built in 1950
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49051, East Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 837 (90.7%) |
| Renter Occupied HU | 59 ( 6.4%) |
| Vacant Housing Units | 27 ( 2.9%) |
| Median Home Value | $281,459 |
| Average Home Value | $320,872 |
Housing Distribution
Address Breakdown
Residential
971
Single Family
970
Multi-Family
1
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Giguere • Non-Member Listing
Mls Name: MichRIC
Mls Provider:
Mls ID: #25019732
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.