8936 Lori CtPortageMI49024
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 Portage at 8936 Lori Ct, Portage, MI, 49024 priced at $302,000 pairs $2,832/mo rent with $841/mo cash flow after a $1,478/mo payment. Total monthly income equals $2,832/mo, and annual cash flow comes to $10,087/yr on $100,113 invested. Return on cash invested is 29.98% in year one, and rental yield stands at 11.25% on a $302,000 basis. Equity gained on principal adds $1,949/yr, and 5% annual appreciation accumulates to $83,437 by year five. Five-year ROI measures 157.42% and total cumulative return in cash reaches $157,600. For financing, Ziffy Mortgage’s DSCR program evaluates $2,832/mo property income against a $1,478/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
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