3575 Memoir 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 3575 Memoir St, Lakeport, MI, 48059 uses $53,040 cash to close to unlock $7,728/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $1,699/mo, and a $783/mo payment keeps the spread at $644/mo. Purchase price stands at $160,000, and rental yield measures 12.74% with $1,699/mo rent. Return on cash invested shows 34.48% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 181.5% and total cumulative return in cash records $96,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,699/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.25 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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