6345 Lovejoy RdPerryMI48872
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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 Perry at 6345 Lovejoy Rd, Perry, MI, 48872 generates $4,244/mo in rent and, after a $2,423/mo payment, leaves $980/mo in cash flow. Total monthly income is $4,244/mo, and annual cash flow is $11,754/yr on $164,093 invested. Return on cash invested sits at 27.07% in year one, and rental yield is 10.29% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 141.79% and total cumulative return in cash sums $232,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,244/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
5.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48872, Perry, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,016 (100%) |
| Owner Occupied HU | 2,444 (81.0%) |
| Renter Occupied HU | 437 (14.5%) |
| Vacant Housing Units | 135 ( 4.5%) |
| Median Home Value | $255,785 |
| Average Home Value | $276,841 |
Housing Distribution
Address Breakdown
Residential
2,885
Single Family
2,885
Multi-Family
0
Businesses
106
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