7372 Tulip RdLexingtonMI48450
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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 Lexington at 7372 Tulip Rd, Lexington, MI, 48450 uses $76,212 cash to close to unlock $210/yr annual cash flow and $18/mo monthly cash flow. Total monthly income runs $1,550/mo, and a $1,125/mo payment keeps the spread at $18/mo. Purchase price stands at $229,900, and rental yield measures 8.09% with $1,550/mo rent. Return on cash invested shows 20.18% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 104.97% and total cumulative return in cash records $80,003. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,550/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1992
5,227 sqft lot
$N/A/sqft
$200 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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Listed by: Jeffrey McNamara • Real Estate One Port Huron
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176582
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