1024 Plank RdDundeeMI48131
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 Dundee at 1024 Plank Rd, Dundee, MI, 48131 offers $2,144/mo rent that, after a $1,492/mo payment, leaves $134/mo cash flow. Total monthly income is $2,144/mo, and annual cash flow is $1,604/yr on $101,074 cash. Return on cash invested measures 21.5% in year one, and rental yield stands at 8.44% at a $304,900 entry. Equity gained on principal adds $1,967/yr while 5% annual appreciation compounds into $84,238 by year five. Five-year ROI records 111.89% and total cumulative return in cash reaches $113,090. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,144/mo property income versus a $1,492/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48131, Dundee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,596 (100%) |
| Owner Occupied HU | 2,487 (69.2%) |
| Renter Occupied HU | 970 (27.0%) |
| Vacant Housing Units | 139 ( 3.9%) |
| Median Home Value | $311,953 |
| Average Home Value | $319,312 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,252
Multi-Family
325
Businesses
241
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Nearby investment properties with comparable prices
Listed by: Brian Russell • Premiere Realty Group, LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50172302
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