9464 Beech StNew LothropMI48460
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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 New Lothrop at 9464 Beech St, New Lothrop, MI, 48460 offers a 9.48% rental yield on a $250,000 purchase with $1,975/mo rent. Total monthly income registers $1,975/mo, and a $1,224/mo payment leaves $326/mo available for distribution. Annual cash flow reaches $3,912/yr on $82,875 to close, and return on cash invested stands at 24.63% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 128.68% and total cumulative return in cash at $106,642. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,975/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48460, New Lothrop, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 799 (85.3%) |
| Renter Occupied HU | 102 (10.9%) |
| Vacant Housing Units | 36 ( 3.8%) |
| Median Home Value | $237,022 |
| Average Home Value | $270,044 |
Housing Distribution
Address Breakdown
Residential
750
Single Family
716
Multi-Family
34
Businesses
42
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Listed by: Kori Shook • Kori Shook & Associates
Mls Name: MiRealSource
Mls ID: #50189622