8059 Lake StForestvilleMI48434
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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 Forestville at 8059 Lake St, Forestville, MI, 48434 at $349,000 posts ROI 12.84% with from $1,620/mo rent. Total monthly income equals $1,620/mo. Return on cash invested measures 12.84% and rental yield reads 5.57% at the current $349,000. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 by year five. Five-year ROI prints 65.48% and total cumulative return in cash totals $75,756. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48434, Forestville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 59 (100%) |
| Owner Occupied HU | 17 (28.8%) |
| Renter Occupied HU | 3 ( 5.1%) |
| Vacant Housing Units | 39 (66.1%) |
| Median Home Value | $231,250 |
| Average Home Value | $246,176 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
2
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Listed by: Mark C Dale • Team Sunrise Real Estate Services
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #785-24-0015