3573 Charles StLakeportMI48059
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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 Lakeport at 3573 Charles St, Lakeport, MI, 48059 with 5% annual appreciation on a $199,900 basis while $1,591/mo rent supports operations. Total monthly income totals $1,591/mo and a $978/mo payment preserves $273/mo for cash returns. Annual cash flow comes to $3,278/yr on $66,267 deployed, and return on cash invested reaches 24.86% in year one. Equity gained on principal adds $1,290/yr, and five-year appreciation sums $55,229 alongside rental yield of 9.55%. Five-year ROI measures 129.97% and total cumulative return in cash totals $86,125.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,591/mo property income versus a $978/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48059, Fort Gratiot, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,478 (100%) |
| Owner Occupied HU | 5,333 (71.3%) |
| Renter Occupied HU | 1,405 (18.8%) |
| Vacant Housing Units | 740 ( 9.9%) |
| Median Home Value | $262,937 |
| Average Home Value | $323,563 |
Housing Distribution
Address Breakdown
Residential
7,003
Single Family
6,469
Multi-Family
534
Businesses
433
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Listed by: Nicole Moses • eXp Realty
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50165991
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.