2606 Hawks Eye Dr #6BellaireMI49615
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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 Bellaire at 2606 Hawks Eye Dr #6, Bellaire, MI, 49615 uses $99,119 cash to close to unlock $10,892/yr annual cash flow and $908/mo monthly cash flow. Total monthly income runs $3,248/mo, and a $1,463/mo payment keeps the spread at $908/mo. Purchase price stands at $299,000, and rental yield measures 13.04% with $3,248/mo rent. Return on cash invested shows 30.9% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 163.92% and total cumulative return in cash records $162,478. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,248/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$4,428 annually HOA
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Listed by: Julia Pietrowicz • Keller Williams Northern Michi
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1922433
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.