4500 Lakeshore Rd APT 3Fort 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
Rental property for sale in Fort Gratiot at 4500 Lakeshore Rd APT 3, Fort Gratiot, MI, 48059 generates $1,373/mo in rent and, after a $673/mo payment, leaves $204/mo in cash flow. Total monthly income is $1,373/mo, and annual cash flow is $2,448/yr on $45,581 invested. Return on cash invested sits at 25.28% in year one, and rental yield is 11.98% on a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 134.8% and total cumulative return in cash sums $61,445. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,373/mo property income rather than buyer’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
$248 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: Mark Ellis • Real Estate One Port Huron
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170650
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