602 Lafler StBangorMI49013
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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
Investment property for sale in Bangor at 602 Lafler St, Bangor, MI, 49013 with 5% annual appreciation on a $212,000 basis while $1,912/mo rent supports operations. Total monthly income totals $1,912/mo and a $1,038/mo payment preserves $514/mo for cash returns. Annual cash flow comes to $6,163/yr on $70,278 deployed, and return on cash invested reaches 28.68% in year one. Equity gained on principal adds $1,368/yr, and five-year appreciation sums $58,572 alongside rental yield of 10.82%. Five-year ROI measures 150.42% and total cumulative return in cash totals $105,715.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,912/mo property income versus a $1,038/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49013, Bangor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,324 (100%) |
| Owner Occupied HU | 1,501 (64.6%) |
| Renter Occupied HU | 487 (21.0%) |
| Vacant Housing Units | 336 (14.5%) |
| Median Home Value | $186,201 |
| Average Home Value | $229,222 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,008
Multi-Family
128
Businesses
169
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