3823 Oldbury StLambertvilleMI48144
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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
Rental property for sale in Lambertville at 3823 Oldbury St, Lambertville, MI, 48144 generates $2,124/mo in rent and, after a $1,468/mo payment, leaves $146/mo in cash flow. Total monthly income is $2,124/mo, and annual cash flow is $1,754/yr on $99,417 invested. Return on cash invested sits at 21.67% in year one, and rental yield is 8.5% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 112.86% and total cumulative return in cash sums $112,204. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,124/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48144, Lambertville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,372 (100%) |
| Owner Occupied HU | 3,893 (89.0%) |
| Renter Occupied HU | 363 ( 8.3%) |
| Vacant Housing Units | 116 ( 2.7%) |
| Median Home Value | $306,585 |
| Average Home Value | $320,641 |
Housing Distribution
Address Breakdown
Residential
4,209
Single Family
4,151
Multi-Family
58
Businesses
326
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Listed by: Allison Grego • Century 21 Allstar Real Estate Team, Inc
Mls Name: MiRealSource
Mls ID: #50197233