8620 S Lucas RdMc BainMI49657
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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 Mc Bain at 8620 S Lucas Rd, Mc Bain, MI, 49657 listed at $174,500 pairs $2,396/mo rent with a $854/mo payment to leave $1,245/mo cash flow. Total monthly income runs $2,396/mo, and annual cash flow reaches $14,944/yr on $57,847 cash to close. Return on cash invested measures 45.74% in year one, and rental yield registers 16.48% at a $174,500 basis. Equity gained on principal adds $1,126/yr, and annual property appreciation at 5% supports $48,211 by year five. Five-year ROI tracks 241.95% and total cumulative return in cash totals $139,962. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,396/mo property income relative to a $854/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
2.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49657, Mc Bain, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,530 (100%) |
| Owner Occupied HU | 1,140 (74.5%) |
| Renter Occupied HU | 208 (13.6%) |
| Vacant Housing Units | 182 (11.9%) |
| Median Home Value | $185,563 |
| Average Home Value | $246,134 |
Housing Distribution
Address Breakdown
Residential
1,299
Single Family
1,259
Multi-Family
40
Businesses
95
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