6860 Lakeview DrBellevueMI49021
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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 Bellevue at 6860 Lakeview Dr, Bellevue, MI, 49021 priced at $275,000 converts $1,298/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,298/mo. Return on cash invested prints 12.99% in year one, and rental yield reads 5.66% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 66.33% and total cumulative return in cash sums $60,467. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,298/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1972
9,147 sqft lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49021, Bellevue, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,661 (100%) |
| Owner Occupied HU | 2,232 (83.9%) |
| Renter Occupied HU | 265 ( 10.0%) |
| Vacant Housing Units | 164 ( 6.2%) |
| Median Home Value | $246,210 |
| Average Home Value | $285,467 |
Housing Distribution
Address Breakdown
Residential
2,612
Single Family
2,552
Multi-Family
60
Businesses
68
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Listed by: Michele K Papatheodore • Keller Williams First
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50179854
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