2816 Floyd RdLambertvilleMI48144
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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 Lambertville at 2816 Floyd Rd, Lambertville, MI, 48144 priced at $392,900 pairs $2,054/mo rent with after a $1,923/mo payment. Total monthly income equals $2,054/mo. Return on cash invested is 13.58% in year one, and rental yield stands at 6.27% on a $392,900 basis. Equity gained on principal adds $2,535/yr, and 5% annual appreciation accumulates to $108,551 by year five. Five-year ROI measures 69.96% and total cumulative return in cash reaches $91,123. For financing, Ziffy Mortgage’s DSCR program evaluates $2,054/mo property income against a $1,923/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2010
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48144, Lambertville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,372 (100%) |
| Owner Occupied HU | 3,893 (89.0%) |
| Renter Occupied HU | 363 ( 8.3%) |
| Vacant Housing Units | 116 ( 2.7%) |
| Median Home Value | $306,585 |
| Average Home Value | $320,641 |
Housing Distribution
Address Breakdown
Residential
4,209
Single Family
4,151
Multi-Family
58
Businesses
326
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Listed by: Corey Welch • eXp Realty LLC in Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50172221
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