23485 Reading Ct #137BrownstownMI48183
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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 Brownstown at 23485 Reading Ct #137, Brownstown, MI, 48183 generates $1,243/mo in rent and, after a $808/mo payment, leaves $5/mo in cash flow. Total monthly income is $1,243/mo, and annual cash flow is $54/yr on $54,698 invested. Return on cash invested sits at 20.01% in year one, and rental yield is 9.04% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 105.15% and total cumulative return in cash sums $57,515. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,243/mo property income rather than buyer’s personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48183, Trenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,677 (100%) |
| Owner Occupied HU | 13,910 (74.5%) |
| Renter Occupied HU | 4,172 (22.3%) |
| Vacant Housing Units | 595 ( 3.2%) |
| Median Home Value | $228,663 |
| Average Home Value | $252,497 |
Housing Distribution
Address Breakdown
Residential
18,671
Single Family
15,983
Multi-Family
2,688
Businesses
1,012
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Listed by: Jennifer Kish • Century 21 Riverpointe
Mls Name: MichRIC
Mls Provider:
Mls ID: #25011696
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.