420 N Lake StEast JordanMI49727
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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 $2,160/mo, and a $3,397/mo payment. Purchase price stands at $694,000, and rental yield measures 3.73% with $2,160/mo rent. Return on cash invested shows 7.36% in year one, and 5% annual appreciation builds toward $191,739 over five years. Five-year ROI reaches 36.06% and total cumulative return in cash records $82,336. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $3,397/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49727, East Jordan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,429 (100%) |
| Owner Occupied HU | 2,638 (59.6%) |
| Renter Occupied HU | 449 (10.1%) |
| Vacant Housing Units | 1,342 (30.3%) |
| Median Home Value | $244,164 |
| Average Home Value | $346,946 |
Housing Distribution
Address Breakdown
Residential
2,745
Single Family
2,607
Multi-Family
138
Businesses
177
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A