113 Oak Ln #113FlintMI48506
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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
Rental property for sale in Flint at 113 Oak Ln #113, Flint, MI, 48506 generates $1,800/mo in rent and, after a $502/mo payment, leaves $1,124/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $13,485/yr on $33,979 invested. Return on cash invested sits at 59.6% in year one, and rental yield is 21.07% on a $102,500 entry. Equity gained on principal adds $661/yr, while 5% annual appreciation builds toward $28,319 over five years. Five-year ROI reaches 316.25% and total cumulative return in cash sums $107,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48506, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,408 (100%) |
| Owner Occupied HU | 7,244 (63.5%) |
| Renter Occupied HU | 2,972 (26.1%) |
| Vacant Housing Units | 1,192 (10.4%) |
| Median Home Value | $102,875 |
| Average Home Value | $144,651 |
Housing Distribution
Address Breakdown
Residential
10,359
Single Family
8,854
Multi-Family
1,505
Businesses
408
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