2428 Burnside RdNorth BranchMI48461
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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 North Branch at 2428 Burnside Rd, North Branch, MI, 48461 uses $79,229 cash to close to unlock $9,572/yr annual cash flow and $798/mo monthly cash flow. Total monthly income runs $2,374/mo, and a $1,170/mo payment keeps the spread at $798/mo. Purchase price stands at $239,000, and rental yield measures 11.92% with $2,374/mo rent. Return on cash invested shows 31.99% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 168.17% and total cumulative return in cash records $133,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1957
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48461, North Branch, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,133 (100%) |
| Owner Occupied HU | 2,573 (82.1%) |
| Renter Occupied HU | 374 (11.9%) |
| Vacant Housing Units | 186 ( 5.9%) |
| Median Home Value | $240,656 |
| Average Home Value | $290,291 |
Housing Distribution
Address Breakdown
Residential
3,075
Single Family
2,978
Multi-Family
97
Businesses
130
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Listed by: Scott Sims • Dane Seltzer Real Estate Group
Mls Name: MiRealSource
Mls ID: #50178417