38080 Lakeshore DrHarrison TownshipMI48045
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 $4,200/mo, and a $4,649/mo payment. Purchase price stands at $949,900, and rental yield measures 5.31% with $4,200/mo rent. Return on cash invested shows 12.14% in year one, and 5% annual appreciation builds toward $262,440 over five years. Five-year ROI reaches 61.67% and total cumulative return in cash records $192,726. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $4,649/mo payment rather than investor’s personal income.
Single Family
Built in 1992
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48045, Harrison Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,362 (100%) |
| Owner Occupied HU | 8,181 (66.2%) |
| Renter Occupied HU | 3,402 (27.5%) |
| Vacant Housing Units | 779 ( 6.3%) |
| Median Home Value | $336,322 |
| Average Home Value | $360,409 |
Housing Distribution
Address Breakdown
Residential
12,285
Single Family
10,343
Multi-Family
1,942
Businesses
383
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Meldrum • @properties Christie's Int'l RE Grosse Pointe
Mls Name: Realcomp II
Mls ID: #20251045428