437 N Main StLanseMI49946
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 437 N Main St, Lanse, MI, 49946 in Lanse delivers $1,440/mo in gross rent and $332/mo in net monthly income at a $168,000 entry. The 10.29% yield and 1.91 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $46,415 over five years and $1,547/yr in equity from loan paydown, total projected return is $85,431.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.0% |
| Monthly Cash Flow | $332 | $350 |
City averages based on Lanse market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,440 |
| Total Monthly Debt Service | $1,041 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1932
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49946, Lanse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,309 (100%) |
| Owner Occupied HU | 1,373 (59.5%) |
| Renter Occupied HU | 353 (15.3%) |
| Vacant Housing Units | 583 (25.2%) |
| Median Home Value | $150,236 |
| Average Home Value | $183,920 |
Housing Distribution
Address Breakdown
Residential
1,753
Single Family
1,666
Multi-Family
87
Businesses
167
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1932
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49946, Lanse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,309 (100%) |
| Owner Occupied HU | 1,373 (59.5%) |
| Renter Occupied HU | 353 (15.3%) |
| Vacant Housing Units | 583 (25.2%) |
| Median Home Value | $150,236 |
| Average Home Value | $183,920 |
Housing Distribution
Address Breakdown
Residential
1,753
Single Family
1,666
Multi-Family
87
Businesses
167
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANNIE FISH • UP NORTH REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174554
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.