PARCEL Bassett Rd #FLapeerMI48446
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowPARCEL Bassett Rd #F, Lapeer, MI, 48446 in Lapeer earns its strong cash-flow label: 14.3% yield, $2,200/mo rent, $982/mo net income, DSCR 2.65. The $184,600 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $51,002 by year five. Combined with $1,700/yr in principal paydown, total projected return reaches $133,614.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.3% | 8.2% |
| Monthly Cash Flow | $982 | $350 |
City averages based on Lapeer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,200 |
| Total Monthly Debt Service | $1,144 |
| DSCR Ratio | 1.92x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
6.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
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
Single Family
Built in N/A
6.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48446, Lapeer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,197 (100%) |
| Owner Occupied HU | 10,000 (75.8%) |
| Renter Occupied HU | 2,521 (19.1%) |
| Vacant Housing Units | 676 ( 5.1%) |
| Median Home Value | $233,283 |
| Average Home Value | $262,271 |
Housing Distribution
Address Breakdown
Residential
12,832
Single Family
11,994
Multi-Family
838
Businesses
1,078
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices