Lake Pleasant & NewarkAtticaMI48412
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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 Attica at Lake Pleasant & Newark, Attica, MI, 48412 offers a 7.35% rental yield on a $232,400 purchase with $1,423/mo rent. 21% in year one. Equity gained on principal adds $1,500/yr while 5% annual appreciation supports $64,208 over five years. Portfolio math shows five-year ROI at 94.26% and total cumulative return in cash at $72,616. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,423/mo property income against a $1,137/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
44.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48412, Attica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,208 (85.0%) |
| Renter Occupied HU | 148 ( 5.7%) |
| Vacant Housing Units | 242 ( 9.3%) |
| Median Home Value | $261,806 |
| Average Home Value | $288,560 |
Housing Distribution
Address Breakdown
Residential
2,344
Single Family
2,344
Multi-Family
0
Businesses
71
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