3087 S Seeley RdLake CityMI49651
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Lake City rental at 3087 S Seeley Rd, Lake City, MI, 49651 sits in the solid-income band: 11.67% gross yield, $1,361/mo rent, $438/mo net after the $629/mo debt service, DSCR 2.16. Entry price of $139,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $38,652 and $1,288/yr in principal reduction bring total cumulative return to $81,568.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 6.2% |
| Monthly Cash Flow | $438 | $450 |
City averages based on Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,361 |
| Total Monthly Debt Service | $867 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1978
8.04 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1978
8.04 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices