121 Andover LnBrooklynMI49230
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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 Brooklyn at 121 Andover Ln, Brooklyn, MI, 49230 offers a 8.33% rental yield on a $220,000 purchase with $1,528/mo rent. Total monthly income registers $1,528/mo, and a $1,077/mo payment leaves $44/mo available for distribution. Annual cash flow reaches $524/yr on $72,930 to close, and return on cash invested stands at 20.63% in year one. Equity gained on principal adds $1,420/yr while 5% annual appreciation supports $60,782 over five years. Portfolio math shows five-year ROI at 107.43% and total cumulative return in cash at $78,347. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,528/mo property income against a $1,077/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.31 Acres lot
$N/A/sqft
$400 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
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Listed by: Michael S Begeman • Key Realty One LLC - Ida
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50173785
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