2061 E Boatfield AveBurtonMI48529
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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 Burton at 2061 E Boatfield Ave, Burton, MI, 48529 generates $1,108/mo in rent, after a $1,170/mo payment. Total monthly income is $1,108/mo. Return on cash invested sits at 12.82% in year one, and rental yield is 5.56% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 65.34% and total cumulative return in cash sums $51,768. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,108/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48529, Burton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,484 (100%) |
| Owner Occupied HU | 2,397 (53.5%) |
| Renter Occupied HU | 1,675 (37.4%) |
| Vacant Housing Units | 412 ( 9.2%) |
| Median Home Value | $79,214 |
| Average Home Value | $151,413 |
Housing Distribution
Address Breakdown
Residential
4,120
Single Family
4,116
Multi-Family
4
Businesses
355
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