24072 Pointe DrMacombMI48042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Macomb at 24072 Pointe Dr, Macomb, MI, 48042 generates $5,498/mo in rent and, after a $2,005/mo payment, leaves $2,796/mo in cash flow. Total monthly income is $5,498/mo, and annual cash flow is $33,558/yr on $135,820 invested. Return on cash invested sits at 44.62% in year one, and rental yield is 16.1% on a $409,714 entry. Equity gained on principal adds $2,644/yr, while 5% annual appreciation builds toward $113,196 over five years. Five-year ROI reaches 235.88% and total cumulative return in cash sums $320,370. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,498/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.25 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hank Mendez • Real Estate One Inc-Shelby
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50151294
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/info/mls-disclaimers/#mls_261)