2839 Lamotte StMarletteMI48453
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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 Marlette at 2839 Lamotte St, Marlette, MI, 48453 generates $1,516/mo in rent, after a $1,150/mo payment. Total monthly income is $1,516/mo. Return on cash invested sits at 19.4% in year one, and rental yield is 7.74% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 100.64% and total cumulative return in cash sums $78,369. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,516/mo property income rather than buyer’s personal income.
Multi Family
Built in 1991
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48453, Marlette, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,068 (100%) |
| Owner Occupied HU | 1,431 (69.2%) |
| Renter Occupied HU | 443 (21.4%) |
| Vacant Housing Units | 194 ( 9.4%) |
| Median Home Value | $170,585 |
| Average Home Value | $215,910 |
Housing Distribution
Address Breakdown
Residential
2,031
Single Family
1,901
Multi-Family
130
Businesses
187
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