7312 Forest DrLexingtonMI48450
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
Investment property for sale in Lexington at 7312 Forest Dr, Lexington, MI, 48450 at $160,000 posts ROI 21.03% with $50/mo cash flow from $1,115/mo rent. Total monthly income equals $1,115/mo, and annual cash flow records $595/yr on $53,040 to close. Return on cash invested measures 21.03% and rental yield reads 8.36% at the current $160,000. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 by year five. Five-year ROI prints 109.48% and total cumulative return in cash totals $58,070.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,115/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
5,227 sqft lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48450, Lexington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,011 (100%) |
| Owner Occupied HU | 1,708 (42.6%) |
| Renter Occupied HU | 307 ( 7.7%) |
| Vacant Housing Units | 1,996 (49.8%) |
| Median Home Value | $224,209 |
| Average Home Value | $259,376 |
Housing Distribution
Address Breakdown
Residential
2,835
Single Family
2,648
Multi-Family
187
Businesses
165
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Nearby investment properties with comparable prices
Listed by: Michael Rickerman • Epique Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50173152
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