507 S Sleeper DrLincolnMI48742
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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
Rental property for sale in Lincoln at 507 S Sleeper Dr, Lincoln, MI, 48742 offers $1,195/mo rent that, after a $685/mo payment, leaves $272/mo cash flow. Total monthly income is $1,195/mo, and annual cash flow is $3,264/yr on $46,410 cash. Return on cash invested measures 26.94% in year one, and rental yield stands at 10.24% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 141.07% and total cumulative return in cash reaches $65,470. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,195/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.35 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Karen Godi • Real Estate One of Alpena
Mls Name: WWMLS
Mls Provider:
Mls ID: #201829763
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