4500 Lakeshore Rd #13/33Fort GratiotMI48059
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
Investment Highlights
Investment property for sale in Fort Gratiot at 4500 Lakeshore Rd #13/33, Fort Gratiot, MI, 48059 listed at $179,900 pairs $1,072/mo rent with a $881/mo payment. Total monthly income runs $1,072/mo. Return on cash invested measures 12.85% in year one, and rental yield registers 7.15% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 67.32% and total cumulative return in cash totals $40,149. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,072/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
N/A lot
$N/A/sqft
$236 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48059, Fort Gratiot, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,478 (100%) |
| Owner Occupied HU | 5,333 (71.3%) |
| Renter Occupied HU | 1,405 (18.8%) |
| Vacant Housing Units | 740 ( 9.9%) |
| Median Home Value | $262,937 |
| Average Home Value | $323,563 |
Housing Distribution
Address Breakdown
Residential
7,003
Single Family
6,469
Multi-Family
534
Businesses
433
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Listed by: Donna Hazlewood • KW Platinum Port Huron
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50180594
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