23714 N Park DrNew 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
Total monthly income runs $1,859/mo, and a $1,615/mo payment. Purchase price stands at $329,900, and rental yield measures 6.76% with $1,859/mo rent. Return on cash invested shows 16.43% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 84.76% and total cumulative return in cash records $92,691. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 2002
4,212 sqft 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A