2024 Hamilton Rd APT 106OkemosMI48864
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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 Okemos at 2024 Hamilton Rd APT 106, Okemos, MI, 48864 offers a 11.6% rental yield on a $143,000 purchase with $1,382/mo rent. Total monthly income registers $1,382/mo, and a $700/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,267/yr on $47,405 to close, and return on cash invested stands at 31.02% in year one. Equity gained on principal adds $923/yr while 5% annual appreciation supports $39,508 over five years. Portfolio math shows five-year ROI at 162.93% and total cumulative return in cash at $77,236. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,382/mo property income against a $700/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
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