5747 Main StLexingtonMI48450
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder5747 Main St, Lexington, MI, 48450 in Lexington is a stable, well-positioned rental at $282,000. Rental yield 7.22%. DSCR 1.34 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $77,911 in value and $2,597/yr in principal paydown builds equity, a total projected return of $96,969.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 8.0% |
| Monthly Cash Flow | $(163) | $750 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,697 |
| Total Monthly Debt Service | $1,747 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48450, Lexington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,011 (100%) |
| Owner Occupied HU | 1,708 (42.6%) |
| Renter Occupied HU | 307 ( 7.7%) |
| Vacant Housing Units | 1,996 (49.8%) |
| Median Home Value | $224,209 |
| Average Home Value | $259,376 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
2,648
Multi-Family
187
Businesses
165
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
Condo
Built in 2002
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48450, Lexington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,011 (100%) |
| Owner Occupied HU | 1,708 (42.6%) |
| Renter Occupied HU | 307 ( 7.7%) |
| Vacant Housing Units | 1,996 (49.8%) |
| Median Home Value | $224,209 |
| Average Home Value | $259,376 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
2,648
Multi-Family
187
Businesses
165
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices