3231 Ravine Hollow CtLambertvilleMI48144
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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 Lambertville at 3231 Ravine Hollow Ct, Lambertville, MI, 48144 uses $114,368 cash to close to unlock $1,902/yr annual cash flow and $159/mo monthly cash flow. Total monthly income runs $2,759/mo, and a $1,689/mo payment keeps the spread at $159/mo. Purchase price stands at $345,000, and rental yield measures 9.6% with $2,759/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 113.55% and total cumulative return in cash records $129,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,759/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48144, Lambertville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,372 (100%) |
| Owner Occupied HU | 3,893 (89.0%) |
| Renter Occupied HU | 363 ( 8.3%) |
| Vacant Housing Units | 116 ( 2.7%) |
| Median Home Value | $306,585 |
| Average Home Value | $320,641 |
Housing Distribution
Address Breakdown
Residential
4,209
Single Family
4,151
Multi-Family
58
Businesses
326
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Listed by: Tammy Frye • RE/MAX Preferred Associates
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50188358
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