7341 Lighthouse RdPort HopeMI48468
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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 Port Hope at 7341 Lighthouse Rd, Port Hope, MI, 48468 with 5% annual appreciation on a $189,500 basis while $1,070/mo rent supports operations. 47% in year one. Equity gained on principal adds $1,223/yr, and five-year appreciation sums $52,355 alongside rental yield of 6.78%. Five-year ROI measures 84.91% and total cumulative return in cash totals $53,339. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,070/mo property income versus a $928/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48468, Port Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,044 (100%) |
| Owner Occupied HU | 516 (49.4%) |
| Renter Occupied HU | 61 ( 5.8%) |
| Vacant Housing Units | 467 (44.7%) |
| Median Home Value | $215,942 |
| Average Home Value | $272,955 |
Housing Distribution
Address Breakdown
Residential
612
Single Family
612
Multi-Family
0
Businesses
26
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