923 N Main StLanseMI49946
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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 Lanse at 923 N Main St, Lanse, MI, 49946 offers a 9.5% rental yield on a $176,000 purchase with $1,393/mo rent. Total monthly income registers $1,393/mo, and a $861/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,794/yr on $58,344 to close, and return on cash invested stands at 24.7% in year one. Equity gained on principal adds $1,136/yr while 5% annual appreciation supports $48,626 over five years. Portfolio math shows five-year ROI at 129.04% and total cumulative return in cash at $75,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,393/mo property income against a $861/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49946, Lanse, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,309 (100%) |
| Owner Occupied HU | 1,373 (59.5%) |
| Renter Occupied HU | 353 (15.3%) |
| Vacant Housing Units | 583 (25.2%) |
| Median Home Value | $150,236 |
| Average Home Value | $183,920 |
Housing Distribution
Address Breakdown
Residential
1,753
Single Family
1,666
Multi-Family
87
Businesses
167
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