4118 Casey DrLambertvilleMI48144
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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 4118 Casey Dr, Lambertville, MI, 48144 generates $1,260/mo in rent, after a $2,178/mo payment. Total monthly income is $1,260/mo. Return on cash invested sits at 6.29% in year one, and rental yield is 3.4% on a $444,900 entry. Equity gained on principal adds $2,871/yr, while 5% annual appreciation builds toward $122,918 over five years. Five-year ROI reaches 30.32% and total cumulative return in cash sums $44,725. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.
Condo
Built in 2024
N/A 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: Robin Lehmann • Key Realty One LLC - Lambertville
Mls Name: MiRealSource
Mls ID: #50195824