835 N Main StLapeerMI48446
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
Investment property for sale in Lapeer at 835 N Main St, Lapeer, MI, 48446 earns $758/mo cash flow from $2,570/mo rent with a $1,346/mo payment. Total monthly income totals $2,570/mo, and annual cash flow totals $9,092/yr on $91,129 capital. ROI tracks 29.89% on current figures, and rental yield reads 11.22% at a $274,900 purchase. Equity gained on principal adds $1,774/yr, and 5% annual appreciation supports $75,950 over five years. Five-year ROI reaches 156.88% and total cumulative return in cash sums $142,959. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,570/mo property income instead of your personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices