8303 Lagoon StCommerce TownshipMI48382
Nearby investment properties with comparable rents
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
Rental property for sale in Commerce Township at 8303 Lagoon St, Commerce Township, MI, 48382 offers $2,189/mo rent that, after a $1,170/mo payment, leaves $546/mo cash flow. Total monthly income is $2,189/mo, and annual cash flow is $6,552/yr on $79,229 cash. Return on cash invested measures 28.18% in year one, and rental yield stands at 10.99% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 148.16% and total cumulative return in cash reaches $117,384. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,189/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
$200 annually HOA
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Nearby investment properties with comparable prices
Listed by: Nicholas Heppard • Mutual Realty, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20250025321
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-04-13 07:54:29 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702