710 Lakeshore DrColumbiavilleMI48421
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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 Columbiaville at 710 Lakeshore Dr, Columbiaville, MI, 48421 uses $66,267 cash to close to unlock $3,242/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,588/mo, and a $978/mo payment keeps the spread at $270/mo. Purchase price stands at $199,900, and rental yield measures 9.53% with $1,588/mo rent. Return on cash invested shows 24.8% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 129.68% and total cumulative return in cash records $85,933. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,588/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48421, Columbiaville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,859 (100%) |
| Owner Occupied HU | 2,356 (82.4%) |
| Renter Occupied HU | 241 ( 8.4%) |
| Vacant Housing Units | 262 ( 9.2%) |
| Median Home Value | $233,601 |
| Average Home Value | $259,920 |
Housing Distribution
Address Breakdown
Residential
2,726
Single Family
2,702
Multi-Family
24
Businesses
56
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Listed by: Kevin Usealman • REMAX Edge
Mls Name: MiRealSource
Mls ID: #50196441