7107 One Mile RdLakeviewMI48850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakeview at 7107 One Mile Rd, Lakeview, MI, 48850 priced at $470,000 pairs $3,282/mo rent with $183/mo cash flow after a $2,300/mo payment. Total monthly income equals $3,282/mo, and annual cash flow comes to $2,196/yr on $155,805 invested. Return on cash invested is 21.32% in year one, and rental yield stands at 8.38% on a $470,000 basis. Equity gained on principal adds $3,033/yr, and 5% annual appreciation accumulates to $129,852 by year five. Five-year ROI measures 110.92% and total cumulative return in cash reaches $172,821. For financing, Ziffy Mortgage’s DSCR program evaluates $3,282/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48850, Lakeview, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,101 (100%) |
| Owner Occupied HU | 1,457 (69.3%) |
| Renter Occupied HU | 269 (12.8%) |
| Vacant Housing Units | 375 (17.8%) |
| Median Home Value | $215,774 |
| Average Home Value | $228,914 |
Housing Distribution
Address Breakdown
Residential
1,840
Single Family
1,800
Multi-Family
40
Businesses
125
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
