1465 Norton StBurtonMI48529
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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 Burton at 1465 Norton St, Burton, MI, 48529 uses $39,780 cash to close to unlock $3,420/yr annual cash flow and $285/mo monthly cash flow. Total monthly income runs $1,076/mo, and a $587/mo payment keeps the spread at $285/mo. Purchase price stands at $119,999, and rental yield measures 10.76% with $1,076/mo rent. Return on cash invested shows 28.51% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 149.49% and total cumulative return in cash records $59,467. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,076/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1929
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48529, Burton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,484 (100%) |
| Owner Occupied HU | 2,397 (53.5%) |
| Renter Occupied HU | 1,675 (37.4%) |
| Vacant Housing Units | 412 ( 9.2%) |
| Median Home Value | $79,214 |
| Average Home Value | $151,413 |
Housing Distribution
Address Breakdown
Residential
4,120
Single Family
4,116
Multi-Family
4
Businesses
355
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