51563 County Road 673LawrenceMI49064
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 Lawrence at 51563 County Road 673, Lawrence, MI, 49064 uses $170,258 cash to close to unlock $18,147/yr annual cash flow and $1,512/mo monthly cash flow. Total monthly income runs $4,925/mo, and a $2,533/mo payment keeps the spread at $1,512/mo. Purchase price stands at $517,500, and rental yield measures 11.42% with $4,925/mo rent. Return on cash invested shows 30.72% in year one, and 5% annual appreciation builds toward $142,976 over five years. Five-year ROI reaches 161.33% and total cumulative return in cash records $274,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,925/mo property income covering a $2,533/mo payment rather than investor’s personal income.
Single Family
Built in 1920
15.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49064, Lawrence, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,813 (100%) |
| Owner Occupied HU | 1,180 (65.1%) |
| Renter Occupied HU | 261 (14.4%) |
| Vacant Housing Units | 372 (20.5%) |
| Median Home Value | $235,714 |
| Average Home Value | $276,869 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,539
Multi-Family
101
Businesses
86
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