5602 Lapeer RdKimballMI48074
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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 Kimball at 5602 Lapeer Rd, Kimball, MI, 48074 generates $1,516/mo in rent and, after a $979/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,516/mo, and annual cash flow is $2,364/yr on $66,300 invested. Return on cash invested sits at 23.47% in year one, and rental yield is 9.1% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 122.49% and total cumulative return in cash sums $81,212. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,516/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48074, Smiths Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,000 (100%) |
| Owner Occupied HU | 3,330 (83.2%) |
| Renter Occupied HU | 461 (11.5%) |
| Vacant Housing Units | 209 ( 5.2%) |
| Median Home Value | $225,147 |
| Average Home Value | $291,718 |
Housing Distribution
Address Breakdown
Residential
3,932
Single Family
3,931
Multi-Family
1
Businesses
197
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