2192 S Garfield RdAuburnMI48611
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 Auburn at 2192 S Garfield Rd, Auburn, MI, 48611 listed at $234,900 pairs $1,680/mo rent with a $1,150/mo payment to leave $131/mo cash flow. Total monthly income runs $1,680/mo, and annual cash flow reaches $1,568/yr on $77,869 cash to close. Return on cash invested measures 21.92% in year one, and rental yield registers 8.58% at a $234,900 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,899 by year five. Five-year ROI tracks 114.2% and total cumulative return in cash totals $88,929. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,680/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48611, Auburn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 2,219 (79.9%) |
| Renter Occupied HU | 438 (15.8%) |
| Vacant Housing Units | 119 ( 4.3%) |
| Median Home Value | $185,374 |
| Average Home Value | $211,304 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,715
Multi-Family
40
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices