3561 Cobb RdLewistonMI49756
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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 Lewiston at 3561 Cobb Rd, Lewiston, MI, 49756 offers $1,769/mo rent that, after a $1,566/mo payment. Total monthly income is $1,769/mo. Return on cash invested measures 16.05% in year one, and rental yield stands at 6.63% at a $320,000 entry. Equity gained on principal adds $2,065/yr while 5% annual appreciation compounds into $88,410 by year five. Five-year ROI records 82.67% and total cumulative return in cash reaches $87,699. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,769/mo property income versus a $1,566/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49756, Lewiston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,461 (100%) |
| Owner Occupied HU | 1,726 (38.7%) |
| Renter Occupied HU | 227 ( 5.1%) |
| Vacant Housing Units | 2,508 (56.2%) |
| Median Home Value | $218,037 |
| Average Home Value | $232,378 |
Housing Distribution
Address Breakdown
Residential
2,143
Single Family
2,101
Multi-Family
42
Businesses
109
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