321 N Front StLake CityMI49651
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
Investment Highlights
Investment property for sale in Lake City at 321 N Front St, Lake City, MI, 49651 uses $89,505 cash to close to unlock $1,548/yr annual cash flow and $129/mo monthly cash flow. Total monthly income runs $1,910/mo, and a $1,322/mo payment keeps the spread at $129/mo. Purchase price stands at $270,000, and rental yield measures 8.49% with $1,910/mo rent. Return on cash invested shows 21.64% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 112.65% and total cumulative return in cash records $100,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,910/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.37 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