2803 Ballybunion WayOkemosMI48864
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 Okemos at 2803 Ballybunion Way, Okemos, MI, 48864 uses $165,584 cash to close to unlock $982/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $3,376/mo, and a $2,445/mo payment keeps the spread at $82/mo. Purchase price stands at $499,500, and rental yield measures 8.11% with $3,376/mo rent. Return on cash invested shows 20.5% in year one, and 5% annual appreciation builds toward $138,003 over five years. Five-year ROI reaches 106.54% and total cumulative return in cash records $176,419. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,376/mo property income covering a $2,445/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
9,093 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eastbrook Homes • Eastbrook Homes Inc. Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N260650000011
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.