2302 Fieldstone DrOkemosMI48864
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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 2302 Fieldstone Dr, Okemos, MI, 48864 earns $1,094/mo cash flow from $3,600/mo rent with a $1,860/mo payment. Total monthly income totals $3,600/mo, and annual cash flow totals $13,128/yr on $125,970 capital. ROI tracks 30.33% on current figures, and rental yield reads 11.37% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 159.24% and total cumulative return in cash sums $200,593. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,600/mo property income instead of your personal income.
Condo
Built in 2018
2,178 sqft 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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