2016 S Averill AveFlintMI48503
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 Flint at 2016 S Averill Ave, Flint, MI, 48503 at $255,000 posts ROI 13.22% with from $1,210/mo rent. Total monthly income equals $1,210/mo. Return on cash invested measures 13.22% and rental yield reads 5.69% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 67.51% and total cumulative return in cash totals $57,068. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,210/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1961
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48503, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,636 (100%) |
| Owner Occupied HU | 5,313 (45.7%) |
| Renter Occupied HU | 4,356 (37.4%) |
| Vacant Housing Units | 1,967 (16.9%) |
| Median Home Value | $73,818 |
| Average Home Value | $126,130 |
Housing Distribution
Address Breakdown
Residential
9,902
Single Family
8,462
Multi-Family
1,440
Businesses
503
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jocelyn Tucker • The Brand Real Estate
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240073682
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-11-19 09:07:39 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702