423 S Lakeside DrMichigan CenterMI49254
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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 Michigan Center at 423 S Lakeside Dr, Michigan Center, MI, 49254 priced at $220,000 converts $1,993/mo rent into $542/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,993/mo, and annual cash flow totals $6,504/yr on $72,930 invested. Return on cash invested prints 28.83% in year one, and rental yield reads 10.87% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 151.2% and total cumulative return in cash sums $110,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,993/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1920
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49254, Michigan Center, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,517 (100%) |
| Owner Occupied HU | 1,167 (76.9%) |
| Renter Occupied HU | 227 (15.0%) |
| Vacant Housing Units | 123 ( 8.1%) |
| Median Home Value | $208,133 |
| Average Home Value | $235,548 |
Housing Distribution
Address Breakdown
Residential
1,436
Single Family
1,432
Multi-Family
4
Businesses
191
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Listed by: Zeke Francisco • Production Realty
Mls Name: MichRIC
Mls ID: #25051622