3724 Shorewood RdLakeportMI48059
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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
Total monthly income runs $2,021/mo, and a $1,542/mo payment. Purchase price stands at $315,000, and rental yield measures 7.7% with $2,021/mo rent. Return on cash invested shows 19.26% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 99.91% and total cumulative return in cash records $104,333. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,021/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.33 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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