606 Lynn StAlbionMI49224
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 Albion at 606 Lynn St, Albion, MI, 49224 offers $1,600/mo rent that, after a $724/mo payment, leaves $624/mo cash flow. Total monthly income is $1,600/mo, and annual cash flow is $7,493/yr on $49,062 cash. Return on cash invested measures 35.18% in year one, and rental yield stands at 12.97% at a $148,000 entry. Equity gained on principal adds $955/yr while 5% annual appreciation compounds into $40,890 by year five. Five-year ROI records 185.33% and total cumulative return in cash reaches $90,926. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,600/mo property income versus a $724/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
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