3095 N Lakeshore DrMearsMI49436
Nearby investment properties with comparable rents
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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 Mears at 3095 N Lakeshore Dr, Mears, MI, 49436 generates $2,250/mo in rent, after a $4,894/mo payment. Total monthly income is $2,250/mo. Return on cash invested sits at 4.15% in year one, and rental yield is 2.7% on a $999,900 entry. Equity gained on principal adds $6,452/yr, while 5% annual appreciation builds toward $276,254 over five years. Five-year ROI reaches 18.88% and total cumulative return in cash sums $62,120. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,250/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
7,840 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49436, Mears, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,262 (100%) |
| Owner Occupied HU | 646 (28.6%) |
| Renter Occupied HU | 110 ( 4.9%) |
| Vacant Housing Units | 1,506 (66.6%) |
| Median Home Value | $284,810 |
| Average Home Value | $407,074 |
Housing Distribution
Address Breakdown
Residential
1,156
Single Family
1,156
Multi-Family
0
Businesses
50
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