2446 Lanning DrBurtonMI48509
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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 Burton at 2446 Lanning Dr, Burton, MI, 48509 uses $61,162 cash to close to unlock $2,944/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $903/mo payment keeps the spread at $245/mo. Purchase price stands at $184,500, and rental yield measures 9.51% with $1,462/mo rent. Return on cash invested shows 24.72% in year one, and 5% annual appreciation builds toward $50,974 over five years. Five-year ROI reaches 129.24% and total cumulative return in cash records $79,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $903/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48509, Burton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,993 (100%) |
| Owner Occupied HU | 3,368 (84.3%) |
| Renter Occupied HU | 485 (12.1%) |
| Vacant Housing Units | 140 ( 3.5%) |
| Median Home Value | $157,778 |
| Average Home Value | $187,962 |
Housing Distribution
Address Breakdown
Residential
4,046
Single Family
4,046
Multi-Family
0
Businesses
370
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