349 S Lakeside DrMichigan CenterMI49254
Nearby investment properties with comparable rents
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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 Michigan Center at 349 S Lakeside Dr, Michigan Center, MI, 49254 at $299,900 posts ROI 15.46% with from $1,609/mo rent. Total monthly income equals $1,609/mo. Return on cash invested measures 15.46% and rental yield reads 6.44% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 79.54% and total cumulative return in cash totals $79,072. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,609/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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