1029 W Boatfield AveFlintMI48507
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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 Flint at 1029 W Boatfield Ave, Flint, MI, 48507 uses $36,134 cash to close to unlock $10,688/yr annual cash flow and $891/mo monthly cash flow. Total monthly income runs $1,610/mo, and a $534/mo payment keeps the spread at $891/mo. Purchase price stands at $109,000, and rental yield measures 17.72% with $1,610/mo rent. Return on cash invested shows 49.49% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 262.05% and total cumulative return in cash records $94,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,610/mo property income covering a $534/mo payment rather than investor’s personal income.
Single Family
Built in 1926
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48507, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,440 (100%) |
| Owner Occupied HU | 8,027 (55.6%) |
| Renter Occupied HU | 4,811 (33.3%) |
| Vacant Housing Units | 1,602 (11.1%) |
| Median Home Value | $131,237 |
| Average Home Value | $160,132 |
Housing Distribution
Address Breakdown
Residential
12,852
Single Family
10,959
Multi-Family
1,893
Businesses
1,439
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Listed by: Trisha Buzzell • Prime Real Estate Group
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50151672
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