303 Devonshire Dr #7LapeerMI48446
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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 Lapeer at 303 Devonshire Dr #7, Lapeer, MI, 48446 uses $119,307 cash to close to unlock $7,994/yr annual cash flow and $666/mo monthly cash flow. Total monthly income runs $3,040/mo, and a $1,762/mo payment keeps the spread at $666/mo. Purchase price stands at $359,900, and rental yield measures 10.14% with $3,040/mo rent. Return on cash invested shows 26.61% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 139.34% and total cumulative return in cash records $166,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,040/mo property income covering a $1,762/mo payment rather than investor’s personal income.
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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