274 CarnoustieHighlandMI48357
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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 Highland at 274 Carnoustie, Highland, MI, 48357 earns $450/mo cash flow from $4,406/mo rent with a $2,936/mo payment. Total monthly income totals $4,406/mo, and annual cash flow totals $5,402/yr on $197,367 capital. ROI tracks 22.8% on current figures, and rental yield reads 8.81% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 118.85% and total cumulative return in cash sums $234,568. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,406/mo property income instead of your personal income.
Single Family
Built in 2002
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48357, Highland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,861 (100%) |
| Owner Occupied HU | 3,374 (87.4%) |
| Renter Occupied HU | 317 ( 8.2%) |
| Vacant Housing Units | 170 ( 4.4%) |
| Median Home Value | $414,201 |
| Average Home Value | $442,907 |
Housing Distribution
Address Breakdown
Residential
3,651
Single Family
3,651
Multi-Family
0
Businesses
487
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