692 Reece Ct SELowellMI49331
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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 Lowell at 692 Reece Ct SE, Lowell, MI, 49331 earns $2,925/mo cash flow from $6,532/mo rent with a $2,643/mo payment. Total monthly income totals $6,532/mo, and annual cash flow totals $35,102/yr on $177,660 capital. ROI tracks 39.82% on current figures, and rental yield reads 14.52% at a $540,000 purchase. Equity gained on principal adds $3,485/yr, and 5% annual appreciation supports $149,192 over five years. Five-year ROI reaches 210.24% and total cumulative return in cash sums $373,514. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,532/mo property income instead of your personal income.
Single Family
Built in 2012
0.63 Acres lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49331, Lowell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,058 (100%) |
| Owner Occupied HU | 5,833 (82.6%) |
| Renter Occupied HU | 1,025 (14.5%) |
| Vacant Housing Units | 200 ( 2.8%) |
| Median Home Value | $356,764 |
| Average Home Value | $388,759 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,605
Multi-Family
521
Businesses
398
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