6156 Fisher StLake CityMI49651
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 6156 Fisher St, Lake City, MI, 49651 in Lake City is capital appreciation. Rental yield 0%. The 0% gross yield at $187,500 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $51,803 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.00) without U.S. credit history; structure with a larger down payment to optimise coverage.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $450 |
City averages based on Lake City market data in our database. Property projections are estimates.
Single Family
Built in 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49651, Lake City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 2,685 (53.2%) |
| Renter Occupied HU | 602 (11.9%) |
| Vacant Housing Units | 1,762 (34.9%) |
| Median Home Value | $187,966 |
| Average Home Value | $256,539 |
Housing Distribution
Address Breakdown
Residential
3,243
Single Family
3,243
Multi-Family
0
Businesses
187
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1960
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49651, Lake City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,049 (100%) |
| Owner Occupied HU | 2,685 (53.2%) |
| Renter Occupied HU | 602 (11.9%) |
| Vacant Housing Units | 1,762 (34.9%) |
| Median Home Value | $187,966 |
| Average Home Value | $256,539 |
Housing Distribution
Address Breakdown
Residential
3,243
Single Family
3,243
Multi-Family
0
Businesses
187
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Bruce Wiltzer • City2Shore Real Estate Northern Michigan
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926097
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.