7345 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
Rental property for sale in Port Hope at 7345 Lighthouse Rd, Port Hope, MI, 48468 generates $887/mo in rent and, after a $529/mo payment, leaves $174/mo in cash flow. Total monthly income is $887/mo, and annual cash flow is $2,093/yr on $35,802 invested. Return on cash invested sits at 25.75% in year one, and rental yield is 9.86% on a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 134.8% and total cumulative return in cash sums $48,260. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $887/mo property income rather than buyer’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: 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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