13057 Lockmoor DrGrand BlancMI48439
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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 Grand Blanc at 13057 Lockmoor Dr, Grand Blanc, MI, 48439 uses $76,079 cash to close to unlock $7,222/yr annual cash flow and $602/mo monthly cash flow. Total monthly income runs $2,115/mo, and a $1,123/mo payment keeps the spread at $602/mo. Purchase price stands at $229,500, and rental yield measures 11.06% with $2,115/mo rent. Return on cash invested shows 29.4% in year one, and 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 154.28% and total cumulative return in cash records $117,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,115/mo property income covering a $1,123/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No 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
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Listed by: Jennifer Rygalski • Keller Williams First
Mls Name: Realcomp II
Mls ID: #20251050142