6067 Limestone LnDimondaleMI48821
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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
Rental property for sale in Dimondale at 6067 Limestone Ln, Dimondale, MI, 48821 priced at $453,500 pairs $3,127/mo rent with $61/mo cash flow after a $2,220/mo payment. Total monthly income equals $3,127/mo, and annual cash flow comes to $733/yr on $150,335 invested. Return on cash invested is 20.4% in year one, and rental yield stands at 8.27% on a $453,500 basis. Equity gained on principal adds $2,926/yr, and 5% annual appreciation accumulates to $125,294 by year five. Five-year ROI measures 106.23% and total cumulative return in cash reaches $159,697. For financing, Ziffy Mortgage’s DSCR program evaluates $3,127/mo property income against a $2,220/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
0.30 Acres lot
$N/A/sqft
$900 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48821, Dimondale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,641 (100%) |
| Owner Occupied HU | 2,330 (88.2%) |
| Renter Occupied HU | 231 ( 8.7%) |
| Vacant Housing Units | 80 ( 3.0%) |
| Median Home Value | $270,379 |
| Average Home Value | $283,974 |
Housing Distribution
Address Breakdown
Residential
2,446
Single Family
2,030
Multi-Family
416
Businesses
122
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Listed by: Paula Johnson • Vision Real Estate
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284396
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS