2345 S Burke CirBaldwinMI49304
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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 Baldwin at 2345 S Burke Cir, Baldwin, MI, 49304 offers $1,247/mo rent that, after a $1,400/mo payment. Total monthly income is $1,247/mo. Return on cash invested measures 11.82% in year one, and rental yield stands at 5.23% at a $286,000 entry. Equity gained on principal adds $1,846/yr while 5% annual appreciation compounds into $79,017 by year five. Five-year ROI records 60% and total cumulative return in cash reaches $56,888. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,247/mo property income versus a $1,400/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49304, Baldwin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,819 (100%) |
| Owner Occupied HU | 1,488 (25.6%) |
| Renter Occupied HU | 467 ( 8.0%) |
| Vacant Housing Units | 3,864 (66.4%) |
| Median Home Value | $141,453 |
| Average Home Value | $196,193 |
Housing Distribution
Address Breakdown
Residential
2,189
Single Family
2,003
Multi-Family
186
Businesses
159
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Listed by: Peter Nemish • Coldwell Banker Schmidt-Cadillac
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927023
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.