24663 Balsam CtBrownstownMI48134
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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 Brownstown at 24663 Balsam Ct, Brownstown, MI, 48134 offers a 8.75% rental yield on a $328,000 purchase with $2,392/mo rent. Total monthly income registers $2,392/mo, and a $1,605/mo payment leaves $229/mo available for distribution. Annual cash flow reaches $2,753/yr on $108,732 to close, and return on cash invested stands at 22.44% in year one. Equity gained on principal adds $2,117/yr while 5% annual appreciation supports $90,620 over five years. Portfolio math shows five-year ROI at 116.97% and total cumulative return in cash at $127,183. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,392/mo property income against a $1,605/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
8,712 sqft 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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Listed by: Robin Massey • North Shores Properties, LLC.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25028559
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.