331 Lakeview UNIT 8Port AustinMI48467
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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 Port Austin at 331 Lakeview UNIT 8, Port Austin, MI, 48467 uses $89,505 cash to close to unlock $2,004/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $1,948/mo, and a $1,322/mo payment keeps the spread at $167/mo. Purchase price stands at $270,000, and rental yield measures 8.66% with $1,948/mo rent. Return on cash invested shows 22.15% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 115.37% and total cumulative return in cash records $103,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,948/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: Jana Riutta • Century 21 Signature Realty - Bay City
Mls Name: MiRealSource
Mls ID: #50193146