847 N Main StLapeerMI48446
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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
Rental property for sale in Lapeer at 847 N Main St, Lapeer, MI, 48446 priced at $274,900 converts $2,348/mo rent into $536/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,348/mo, and annual cash flow totals $6,428/yr on $91,129 invested. Return on cash invested prints 26.96% in year one, and rental yield reads 10.25% against a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation compiles into $75,950 by year five. Five-year ROI reaches 141.19% and total cumulative return in cash sums $128,667. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,348/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1920
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
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