507 N Calhoun StLapeerMI48446
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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 Lapeer at 507 N Calhoun St, Lapeer, MI, 48446 with 5% annual appreciation on a $150,000 basis while $1,159/mo rent supports operations. Total monthly income totals $1,159/mo and a $734/mo payment preserves $170/mo for cash returns. Annual cash flow comes to $2,040/yr on $49,725 deployed, and return on cash invested reaches 24.01% in year one. Equity gained on principal adds $968/yr, and five-year appreciation sums $41,442 alongside rental yield of 9.27%. Five-year ROI measures 125.38% and total cumulative return in cash totals $62,346.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,159/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1880
0.27 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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