2649 Seaton Circuit S #24WarrenMI48091
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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 Warren at 2649 Seaton Circuit S #24, Warren, MI, 48091 uses $44,753 cash to close to unlock $1,002/yr annual cash flow and $84/mo monthly cash flow. Total monthly income runs $1,208/mo, and a $661/mo payment keeps the spread at $84/mo. Purchase price stands at $135,000, and rental yield measures 10.74% with $1,208/mo rent. Return on cash invested shows 22.15% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 117.69% and total cumulative return in cash records $52,669. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,208/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$234 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48091, Warren, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,459 (100%) |
| Owner Occupied HU | 8,240 (61.2%) |
| Renter Occupied HU | 4,146 (30.8%) |
| Vacant Housing Units | 1,073 ( 8.0%) |
| Median Home Value | $159,378 |
| Average Home Value | $188,888 |
Housing Distribution
Address Breakdown
Residential
12,396
Single Family
11,641
Multi-Family
755
Businesses
826
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Listed by: Carla Vizzaccaro • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50187192
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