1445 Steeple Chase CtDavisonMI48423
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
Rental property for sale in Davison at 1445 Steeple Chase Ct, Davison, MI, 48423 priced at $113,600 pairs $1,207/mo rent with $233/mo cash flow after a $556/mo payment. Total monthly income equals $1,207/mo, and annual cash flow comes to $2,795/yr on $37,658 invested. Return on cash invested is 27.33% in year one, and rental yield stands at 12.75% on a $113,600 basis. Equity gained on principal adds $733/yr, and 5% annual appreciation accumulates to $31,386 by year five. Five-year ROI measures 145.76% and total cumulative return in cash reaches $54,890. For financing, Ziffy Mortgage’s DSCR program evaluates $1,207/mo property income against a $556/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
1,097 sqft lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48423, Davison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,406 (100%) |
| Owner Occupied HU | 10,191 (66.1%) |
| Renter Occupied HU | 4,466 (29.0%) |
| Vacant Housing Units | 749 ( 4.9%) |
| Median Home Value | $235,172 |
| Average Home Value | $262,027 |
Housing Distribution
Address Breakdown
Residential
15,373
Single Family
12,694
Multi-Family
2,679
Businesses
645
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices