31425 29 Mile RdLenoxMI48050
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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 Lenox at 31425 29 Mile Rd, Lenox, MI, 48050 uses $89,472 cash to close to unlock $3,530/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $2,074/mo, and a $1,321/mo payment keeps the spread at $294/mo. Purchase price stands at $269,900, and rental yield measures 9.22% with $2,074/mo rent. Return on cash invested shows 23.85% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 124.58% and total cumulative return in cash records $111,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,074/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1941
3.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48050, New Haven, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 639 (100%) |
| Owner Occupied HU | 580 (90.8%) |
| Renter Occupied HU | 30 ( 4.7%) |
| Vacant Housing Units | 29 ( 4.5%) |
| Median Home Value | $364,602 |
| Average Home Value | $401,336 |
Housing Distribution
Address Breakdown
Residential
646
Single Family
646
Multi-Family
0
Businesses
23
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