24187 Coyote TrlNew 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
Investment property for sale in New Boston at 24187 Coyote Trl, New Boston, MI, 48164 uses $115,992 cash to close to unlock $3,062/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $2,563/mo, and a $1,713/mo payment keeps the spread at $255/mo. Purchase price stands at $349,900, and rental yield measures 8.79% with $2,563/mo rent. Return on cash invested shows 22.55% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 117.57% and total cumulative return in cash records $136,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,563/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,534 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: Ronald Collard • Nu Vision Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24052584
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.