61708 Lake View DrCassopolisMI49031
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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
Total monthly income runs $2,332/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 4.31% with $2,332/mo rent. Return on cash invested shows 9.1% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 45.35% and total cumulative return in cash records $96,986. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,332/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1998
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Listed by: Dennis Bamber • Cressy & Everett Real Estate
Mls Name: MichRIC
Mls ID: #25035888