56840 Red Arrow HwyLawrenceMI49064
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
Rental property for sale in Lawrence at 56840 Red Arrow Hwy, Lawrence, MI, 49064 generates $3,127/mo in rent and, after a $749/mo payment, leaves $2,118/mo in cash flow. Total monthly income is $3,127/mo, and annual cash flow is $25,415/yr on $50,720 invested. Return on cash invested sits at 70.02% in year one, and rental yield is 24.53% on a $153,000 entry. Equity gained on principal adds $987/yr, while 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 372.07% and total cumulative return in cash sums $188,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,127/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
1.42 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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