13041 Lockmoor DrGrand BlancMI48439
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 Grand Blanc at 13041 Lockmoor Dr, Grand Blanc, MI, 48439 offers a 8.26% rental yield on a $238,800 purchase with $1,644/mo rent. 29% in year one. Equity gained on principal adds $1,541/yr while 5% annual appreciation supports $65,976 over five years. Portfolio math shows five-year ROI at 80.72% and total cumulative return in cash at $63,898. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,644/mo property income against a $1,169/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$374 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48439, Grand Blanc, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,970 (100%) |
| Owner Occupied HU | 15,548 (70.8%) |
| Renter Occupied HU | 5,440 (24.8%) |
| Vacant Housing Units | 982 ( 4.5%) |
| Median Home Value | $273,989 |
| Average Home Value | $306,474 |
Housing Distribution
Address Breakdown
Residential
22,196
Single Family
20,615
Multi-Family
1,581
Businesses
894
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Mueller • Real Broker Ann Arbor
Mls Name: MichRIC
Mls Provider:
Mls ID: #25010407
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.