701 W Saint Joseph StLawrenceMI49064
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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 Lawrence at 701 W Saint Joseph St, Lawrence, MI, 49064 uses $50,720 cash to close to unlock $8,675/yr annual cash flow and $723/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $749/mo payment keeps the spread at $723/mo. Purchase price stands at $153,000, and rental yield measures 13.58% with $1,732/mo rent. Return on cash invested shows 37.01% in year one, and 5% annual appreciation builds toward $42,271 over five years. Five-year ROI reaches 195.1% and total cumulative return in cash records $98,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $749/mo payment rather than investor’s personal income.
Single Family
Built in 1900
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49064, Lawrence, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,813 (100%) |
| Owner Occupied HU | 1,180 (65.1%) |
| Renter Occupied HU | 261 (14.4%) |
| Vacant Housing Units | 372 (20.5%) |
| Median Home Value | $235,714 |
| Average Home Value | $276,869 |
Housing Distribution
Address Breakdown
Residential
1,640
Single Family
1,539
Multi-Family
101
Businesses
86
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