1163 S Packard AveBurtonMI48509
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
Investment property for sale in Burton at 1163 S Packard Ave, Burton, MI, 48509 uses $59,668 cash to close to unlock $6,624/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $1,739/mo, and a $881/mo payment keeps the spread at $552/mo. Purchase price stands at $179,995, and rental yield measures 11.59% with $1,739/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $49,729 over five years. Five-year ROI reaches 163.01% and total cumulative return in cash records $97,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,739/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1952
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48509, Burton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,993 (100%) |
| Owner Occupied HU | 3,368 (84.3%) |
| Renter Occupied HU | 485 (12.1%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $157,778 |
| Average Home Value | $187,962 |
Housing Distribution
Address Breakdown
Residential
4,046
Single Family
4,046
Multi-Family
0
Businesses
370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices