11610 Bailey Dr NELowellMI49331
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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 Lowell at 11610 Bailey Dr NE, Lowell, MI, 49331 uses $63,913 cash to close to unlock $6,471/yr annual cash flow and $539/mo monthly cash flow. Total monthly income runs $1,811/mo, and a $944/mo payment keeps the spread at $539/mo. Purchase price stands at $192,800, and rental yield measures 11.27% with $1,811/mo rent. Return on cash invested shows 30.03% in year one, and 5% annual appreciation builds toward $53,267 over five years. Five-year ROI reaches 157.72% and total cumulative return in cash records $100,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,811/mo property income covering a $944/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
16.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49331, Lowell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,058 (100%) |
| Owner Occupied HU | 5,833 (82.6%) |
| Renter Occupied HU | 1,025 (14.5%) |
| Vacant Housing Units | 200 ( 2.8%) |
| Median Home Value | $356,764 |
| Average Home Value | $388,759 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,605
Multi-Family
521
Businesses
398
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