266 Seven Mile Rd NWComstock ParkMI49321
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Comstock Park at 266 Seven Mile Rd NW, Comstock Park, MI, 49321 priced at $359,900 converts $2,725/mo rent into $351/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,725/mo, and annual cash flow totals $4,214/yr on $119,307 invested. Return on cash invested prints 23.44% in year one, and rental yield reads 9.09% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 122.34% and total cumulative return in cash sums $145,958. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,725/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1947
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: Vito (Jr.) E Dolci • Five Star Real Estate (Walker)
Mls Name: MichRIC
Mls ID: #25049392