2012 Beekman CtFlintMI48532
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 Flint at 2012 Beekman Ct, Flint, MI, 48532 priced at $154,900 converts $3,660/mo rent into $2,258/mo cash flow after a $758/mo obligation. Total monthly income equals $3,660/mo, and annual cash flow totals $27,092/yr on $51,349 invested. Return on cash invested prints 72.67% in year one, and rental yield reads 28.35% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 389.56% and total cumulative return in cash sums $200,036. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,660/mo property income covering a $758/mo payment, not borrower’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
$381 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48532, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,002 (100%) |
| Owner Occupied HU | 4,907 (54.5%) |
| Renter Occupied HU | 3,468 (38.5%) |
| Vacant Housing Units | 627 ( 7.0%) |
| Median Home Value | $174,887 |
| Average Home Value | $221,176 |
Housing Distribution
Address Breakdown
Residential
8,469
Single Family
7,028
Multi-Family
1,441
Businesses
947
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lucy Ham • Ham Group Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50148052
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/info/mls-disclaimers/#mls_261)