2670 Spring Grove DrBrightonMI48114
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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 Brighton at 2670 Spring Grove Dr, Brighton, MI, 48114 uses $262,871 cash to close to unlock $25,640/yr annual cash flow and $2,137/mo monthly cash flow. Total monthly income runs $7,406/mo, and a $3,911/mo payment keeps the spread at $2,137/mo. Purchase price stands at $799,000, and rental yield measures 11.12% with $7,406/mo rent. Return on cash invested shows 29.81% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 156.46% and total cumulative return in cash records $411,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,406/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Single Family
Built in 1998
3.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48114, Brighton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 7,693 (91.0%) |
| Renter Occupied HU | 547 ( 6.5%) |
| Vacant Housing Units | 214 ( 2.5%) |
| Median Home Value | $426,414 |
| Average Home Value | $445,549 |
Housing Distribution
Address Breakdown
Residential
8,334
Single Family
8,246
Multi-Family
88
Businesses
454
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