21435 Merriman RdNew BostonMI48164
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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 New Boston at 21435 Merriman Rd, New Boston, MI, 48164 earns from $2,864/mo rent with a $2,153/mo payment. Total monthly income totals $2,864/mo. ROI tracks 19.61% on current figures, and rental yield reads 7.81% at a $439,900 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,536 over five years. Five-year ROI reaches 101.77% and total cumulative return in cash sums $148,407. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,864/mo property income instead of your personal income.
Single Family
Built in 1994
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: David Ciha • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251032205