6501 Vernon RdNew LothropMI48460
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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 New Lothrop at 6501 Vernon Rd, New Lothrop, MI, 48460 earns $1,595/mo cash flow from $2,452/mo rent with a $636/mo payment. Total monthly income totals $2,452/mo, and annual cash flow totals $19,140/yr on $43,095 capital. ROI tracks 64.32% on current figures, and rental yield reads 22.63% at a $130,000 purchase. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 over five years. Five-year ROI reaches 341.56% and total cumulative return in cash sums $147,195. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,452/mo property income instead of your personal income.
Single Family
Built in 1910
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48460, New Lothrop, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 799 (85.3%) |
| Renter Occupied HU | 102 (10.9%) |
| Vacant Housing Units | 36 ( 3.8%) |
| Median Home Value | $237,022 |
| Average Home Value | $270,044 |
Housing Distribution
Address Breakdown
Residential
750
Single Family
716
Multi-Family
34
Businesses
42
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Listed by: Alvin (AJ) Shackelford • Re/max TriCounty
Mls Name: MiRealSource
Mls ID: #50193982