5830 N Lafave RdBlack RiverMI48721
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder5830 N Lafave Rd, Black River, MI, 48721 in Black River is a stable, well-positioned rental at $341,900. Rental yield 7.35%. DSCR 1.36 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $94,461 in value and $3,149/yr in principal paydown builds equity, a total projected return of $119,879.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.5% |
| Monthly Cash Flow | $(162) | $500 |
City averages based on Black River market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,093 |
| Total Monthly Debt Service | $2,119 |
| DSCR Ratio | 0.99x |
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.
Single Family
Built in 2002
60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48721, Black River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 369 (100%) |
| Owner Occupied HU | 202 (54.7%) |
| Renter Occupied HU | 12 ( 3.3%) |
| Vacant Housing Units | 155 (42.0%) |
| Median Home Value | $210,000 |
| Average Home Value | $255,124 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
239
Multi-Family
0
Businesses
4
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
Single Family
Built in 2002
60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48721, Black River, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 369 (100%) |
| Owner Occupied HU | 202 (54.7%) |
| Renter Occupied HU | 12 ( 3.3%) |
| Vacant Housing Units | 155 (42.0%) |
| Median Home Value | $210,000 |
| Average Home Value | $255,124 |
Housing Distribution
Address Breakdown
Residential
239
Single Family
239
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A