23869 McCort DrFlat RockMI48134
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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 Flat Rock at 23869 McCort Dr, Flat Rock, MI, 48134 uses $75,914 cash to close to unlock $908/yr annual cash flow and $76/mo monthly cash flow. Total monthly income runs $1,586/mo, and a $1,121/mo payment keeps the spread at $76/mo. Purchase price stands at $229,000, and rental yield measures 8.31% with $1,586/mo rent. Return on cash invested shows 21.11% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 109.8% and total cumulative return in cash records $83,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,586/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48134, Flat Rock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,608 (100%) |
| Owner Occupied HU | 7,529 (78.4%) |
| Renter Occupied HU | 1,760 (18.3%) |
| Vacant Housing Units | 319 ( 3.3%) |
| Median Home Value | $298,420 |
| Average Home Value | $288,923 |
Housing Distribution
Address Breakdown
Residential
9,569
Single Family
8,937
Multi-Family
632
Businesses
444
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