3052 Cherry Lawn CtLewistonMI49756
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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 Lewiston at 3052 Cherry Lawn Ct, Lewiston, MI, 49756 uses $60,333 cash to close to unlock $4,699/yr annual cash flow and $392/mo monthly cash flow. Total monthly income runs $1,592/mo, and a $891/mo payment keeps the spread at $392/mo. Purchase price stands at $182,000, and rental yield measures 10.5% with $1,592/mo rent. Return on cash invested shows 27.7% in year one, and 5% annual appreciation builds toward $50,283 over five years. Five-year ROI reaches 145.17% and total cumulative return in cash records $87,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,592/mo property income covering a $891/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49756, Lewiston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,461 (100%) |
| Owner Occupied HU | 1,726 (38.7%) |
| Renter Occupied HU | 227 ( 5.1%) |
| Vacant Housing Units | 2,508 (56.2%) |
| Median Home Value | $218,037 |
| Average Home Value | $232,378 |
Housing Distribution
Address Breakdown
Residential
2,143
Single Family
2,101
Multi-Family
42
Businesses
109
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