506 Lewis RdCement CityMI49233
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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
Investment property for sale in Cement City at 506 Lewis Rd, Cement City, MI, 49233 listed at $569,000 pairs $3,084/mo rent with a $2,785/mo payment. Total monthly income runs $3,084/mo. Return on cash invested measures 15.78% in year one, and rental yield registers 6.5% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 81.18% and total cumulative return in cash totals $151,979. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,084/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
19.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49233, Cement City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,126 (76.3%) |
| Renter Occupied HU | 101 ( 6.8%) |
| Vacant Housing Units | 248 (16.8%) |
| Median Home Value | $287,644 |
| Average Home Value | $316,241 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,316
Multi-Family
0
Businesses
48
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Listed by: Kristyn Sandoval • PRODUCTION REALTY - GRASS LAKE
Mls Name: MichRIC
Mls ID: #25041121