6240 Lakeshore Rd NPalmsMI48465
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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
Investment property for sale in Palms at 6240 Lakeshore Rd N, Palms, MI, 48465 listed at $535,000 pairs $1,975/mo rent with a $2,619/mo payment. Total monthly income runs $1,975/mo. Return on cash invested measures 9.47% in year one, and rental yield registers 4.43% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 47.37% and total cumulative return in cash totals $83,380. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,975/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48465, Palms, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 459 (100%) |
| Owner Occupied HU | 253 (55.1%) |
| Renter Occupied HU | 34 ( 7.4%) |
| Vacant Housing Units | 172 (37.5%) |
| Median Home Value | $216,860 |
| Average Home Value | $270,435 |
Housing Distribution
Address Breakdown
Residential
335
Single Family
335
Multi-Family
0
Businesses
3
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