2024 Hamilton Rd UNIT 204OkemosMI48864
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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
Rental property for sale in Okemos at 2024 Hamilton Rd UNIT 204, Okemos, MI, 48864 generates $1,068/mo in rent, after a $683/mo payment. Total monthly income is $1,068/mo. Return on cash invested sits at 16.74% in year one, and rental yield is 9.19% on a $139,500 entry. Equity gained on principal adds $900/yr, while 5% annual appreciation builds toward $38,541 over five years. Five-year ROI reaches 88.92% and total cumulative return in cash sums $41,121. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,068/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$270 monthly 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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Listed by: MIKE SELLECK • RICHARD SELLECK AGENCY
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176086
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