315 N Lincoln AveLakeviewMI48850
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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 Lakeview at 315 N Lincoln Ave, Lakeview, MI, 48850 uses $82,875 cash to close to unlock $1,536/yr annual cash flow and $128/mo monthly cash flow. Total monthly income runs $1,777/mo, and a $1,224/mo payment keeps the spread at $128/mo. Purchase price stands at $250,000, and rental yield measures 8.53% with $1,777/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 113.3% and total cumulative return in cash records $93,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,777/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1987
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48850, Lakeview, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,101 (100%) |
| Owner Occupied HU | 1,457 (69.3%) |
| Renter Occupied HU | 269 (12.8%) |
| Vacant Housing Units | 375 (17.8%) |
| Median Home Value | $215,774 |
| Average Home Value | $228,914 |
Housing Distribution
Address Breakdown
Residential
1,840
Single Family
1,800
Multi-Family
40
Businesses
125
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