7474 Cardinal 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 7474 Cardinal Rd, Lexington, MI, 48450 with 5% annual appreciation on a $218,000 basis while $1,666/mo rent supports operations. Total monthly income totals $1,666/mo and a $1,067/mo payment preserves $198/mo for cash returns. Annual cash flow comes to $2,381/yr on $72,267 deployed, and return on cash invested reaches 23.2% in year one. Equity gained on principal adds $1,407/yr, and five-year appreciation sums $60,229 alongside rental yield of 9.17%. Five-year ROI measures 121.26% and total cumulative return in cash totals $87,631.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,666/mo property income versus a $1,067/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.31 Acres lot
$N/A/sqft
$360 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: Michael Rickerman • Epique Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50171159
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