2381 Garfield RdAuburnMI48611
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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 Auburn at 2381 Garfield Rd, Auburn, MI, 48611 earns $349/mo cash flow from $1,866/mo rent with a $1,126/mo payment. Total monthly income totals $1,866/mo, and annual cash flow totals $4,188/yr on $76,245 capital. ROI tracks 25.4% on current figures, and rental yield reads 9.74% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 132.81% and total cumulative return in cash sums $101,263. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,866/mo property income instead of your personal income.
Single Family
Built in 1960
1.20 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
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