122 Blue Violet Ln NE #99Comstock ParkMI49321
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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 Comstock Park at 122 Blue Violet Ln NE #99, Comstock Park, MI, 49321 listed at $484,900 pairs $1,680/mo rent with a $2,373/mo payment. Total monthly income runs $1,680/mo. Return on cash invested measures 8.58% in year one, and rental yield registers 4.16% at a $484,900 basis. Equity gained on principal adds $3,129/yr, and annual property appreciation at 5% supports $133,969 by year five. Five-year ROI tracks 42.64% and total cumulative return in cash totals $68,539. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,680/mo property income relative to a $2,373/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: Michael E Kooistra • Keller Williams GR East
Mls Name: MichRIC
Mls ID: #25054596