3494 N Lake Shore DrBlack RiverMI48721
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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
Rental property for sale in Black River at 3494 N Lake Shore Dr, Black River, MI, 48721 generates $3,360/mo in rent, after a $4,630/mo payment. Total monthly income is $3,360/mo. Return on cash invested sits at 8.96% in year one, and rental yield is 4.26% on a $946,000 entry. Equity gained on principal adds $6,104/yr, while 5% annual appreciation builds toward $261,362 over five years. Five-year ROI reaches 44.64% and total cumulative return in cash sums $138,942. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48721, Black River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 369 (100%) |
| Owner Occupied HU | 202 (54.7%) |
| Renter Occupied HU | 12 ( 3.3%) |
| Vacant Housing Units | 155 (42.0%) |
| Median Home Value | $210,000 |
| Average Home Value | $255,124 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
239
Multi-Family
0
Businesses
4
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Listed by: N/A • N/A
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #077-25-0028