27763 E Mockingbird DrFlat RockMI48134
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
Investment property for sale in Flat Rock at 27763 E Mockingbird Dr, Flat Rock, MI, 48134 uses $132,567 cash to close to unlock $506/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $2,679/mo, and a $1,957/mo payment keeps the spread at $42/mo. Purchase price stands at $399,900, and rental yield measures 8.04% with $2,679/mo rent. Return on cash invested shows 20.29% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 105.44% and total cumulative return in cash records $139,784. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,679/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2004
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48134, Flat Rock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,608 (100%) |
| Owner Occupied HU | 7,529 (78.4%) |
| Renter Occupied HU | 1,760 (18.3%) |
| Vacant Housing Units | 319 ( 3.3%) |
| Median Home Value | $298,420 |
| Average Home Value | $288,923 |
Housing Distribution
Address Breakdown
Residential
9,569
Single Family
8,937
Multi-Family
632
Businesses
444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices