699 Lincoln Lake Ave NELowellMI49331
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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 Lowell at 699 Lincoln Lake Ave NE, Lowell, MI, 49331 offers $2,557/mo rent that, after a $1,831/mo payment, leaves $90/mo cash flow. Total monthly income is $2,557/mo, and annual cash flow is $1,082/yr on $123,981 cash. Return on cash invested measures 20.78% in year one, and rental yield stands at 8.2% at a $374,000 entry. Equity gained on principal adds $2,413/yr while 5% annual appreciation compounds into $103,329 by year five. Five-year ROI records 108.08% and total cumulative return in cash reaches $133,993. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,557/mo property income versus a $1,831/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
4.68 Acres lot
$N/A/sqft
No 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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