14890 Dover Ct #80UticaMI48315
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 Utica at 14890 Dover Ct #80, Utica, MI, 48315 uses $73,891 cash to close to unlock $1,021/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $1,555/mo, and a $1,091/mo payment keeps the spread at $85/mo. Purchase price stands at $222,900, and rental yield measures 8.37% with $1,555/mo rent. Return on cash invested shows 21.29% in year one, and 5% annual appreciation builds toward $61,583 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $81,898. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,555/mo property income covering a $1,091/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48315, Utica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,660 (100%) |
| Owner Occupied HU | 9,734 (83.5%) |
| Renter Occupied HU | 1,562 (13.4%) |
| Vacant Housing Units | 364 ( 3.1%) |
| Median Home Value | $387,075 |
| Average Home Value | $384,918 |
Housing Distribution
Address Breakdown
Residential
11,656
Single Family
11,075
Multi-Family
581
Businesses
1,095
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices