279 Devonshire DrLapeerMI48446
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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 Lapeer at 279 Devonshire Dr, Lapeer, MI, 48446 offers $2,623/mo rent that, after a $1,713/mo payment, leaves $315/mo cash flow. Total monthly income is $2,623/mo, and annual cash flow is $3,782/yr on $115,992 cash. Return on cash invested measures 23.17% in year one, and rental yield stands at 9% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 120.89% and total cumulative return in cash reaches $140,226. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,623/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
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