6393 N Greenville RdLakeviewMI48850
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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 Lakeview at 6393 N Greenville Rd, Lakeview, MI, 48850 uses $61,328 cash to close to unlock $2,502/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,428/mo, and a $905/mo payment keeps the spread at $209/mo. Purchase price stands at $185,000, and rental yield measures 9.26% with $1,428/mo rent. Return on cash invested shows 23.99% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 125.29% and total cumulative return in cash records $76,839. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,428/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48850, Lakeview, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,101 (100%) |
| Owner Occupied HU | 1,457 (69.3%) |
| Renter Occupied HU | 269 (12.8%) |
| Vacant Housing Units | 375 (17.8%) |
| Median Home Value | $215,774 |
| Average Home Value | $228,914 |
Housing Distribution
Address Breakdown
Residential
1,840
Single Family
1,800
Multi-Family
40
Businesses
125
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