249 Roosevelt Dr Plan, Broadview EstatesDavisonMI48423
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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
Rental property for sale in Davison at 249 Roosevelt Dr Plan, Broadview Estates, Davison, MI, 48423 priced at $122,995 converts $1,379/mo rent into $568/mo cash flow after a $602/mo obligation. Total monthly income equals $1,379/mo, and annual cash flow totals $6,815/yr on $40,773 invested. Return on cash invested prints 36.62% in year one, and rental yield reads 13.45% against a $122,995 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation compiles into $33,981 by year five. Five-year ROI reaches 192.98% and total cumulative return in cash sums $78,683. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,379/mo property income covering a $602/mo payment, not borrower’s personal income.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48423, Davison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,406 (100%) |
| Owner Occupied HU | 10,191 (66.1%) |
| Renter Occupied HU | 4,466 (29.0%) |
| Vacant Housing Units | 749 ( 4.9%) |
| Median Home Value | $235,172 |
| Average Home Value | $262,027 |
Housing Distribution
Address Breakdown
Residential
15,373
Single Family
12,694
Multi-Family
2,679
Businesses
645
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