43 Davis Lake RdLapeerMI48446
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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 Lapeer at 43 Davis Lake Rd, Lapeer, MI, 48446 priced at $204,900 converts $1,416/mo rent into $65/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,416/mo, and annual cash flow totals $776/yr on $67,924 invested. Return on cash invested prints 21.05% in year one, and rental yield reads 8.29% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 109.53% and total cumulative return in cash sums $74,398. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,416/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
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