61 Old Carriage LnLapeerMI48446
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 61 Old Carriage Ln, Lapeer, MI, 48446 in Lapeer speaks for itself: 12.99% gross on a $366,000 price, generating $3,962/mo in rent and $1,549/mo in net income after the $1,646/mo debt service. DSCR 2.41, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $18,586 stacks alongside $101,119 in projected five-year appreciation and $3,371/yr in principal reduction. Projected total cumulative return: $239,057.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13% | 8.2% |
| Monthly Cash Flow | $1,549 | $350 |
City averages based on Lapeer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,962 |
| Total Monthly Debt Service | $2,268 |
| DSCR Ratio | 1.75x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2005
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
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 2005
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices