292 S Carolyn DrLake CityMI49651
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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
Investment property for sale in Lake City at 292 S Carolyn Dr, Lake City, MI, 49651 at $744,900 posts ROI 11.54% with from $3,173/mo rent. Total monthly income equals $3,173/mo. Return on cash invested measures 11.54% and rental yield reads 5.11% at the current $744,900. Equity gained on principal adds $4,807/yr, and 5% annual appreciation supports $205,802 by year five. Five-year ROI prints 58.48% and total cumulative return in cash totals $143,328. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,173/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2003
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49651, Lake City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 2,685 (53.2%) |
| Renter Occupied HU | 602 (11.9%) |
| Vacant Housing Units | 1,762 (34.9%) |
| Median Home Value | $187,966 |
| Average Home Value | $256,539 |
Housing Distribution
Address Breakdown
Residential
3,243
Single Family
3,243
Multi-Family
0
Businesses
187
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