3667 N Lakola RdLeroyMI49655
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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 Leroy at 3667 N Lakola Rd, Leroy, MI, 49655 uses $58,013 cash to close to unlock $1,842/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $1,308/mo, and a $857/mo payment keeps the spread at $154/mo. Purchase price stands at $175,000, and rental yield measures 8.97% with $1,308/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 120.44% and total cumulative return in cash records $69,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,308/mo property income covering a $857/mo payment rather than investor’s personal income.
Manufactured
Built in 1987
1.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49655, Leroy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,850 (100%) |
| Owner Occupied HU | 1,174 (63.5%) |
| Renter Occupied HU | 113 ( 6.1%) |
| Vacant Housing Units | 563 (30.4%) |
| Median Home Value | $182,941 |
| Average Home Value | $208,863 |
Housing Distribution
Address Breakdown
Residential
1,349
Single Family
1,349
Multi-Family
0
Businesses
54
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