2818 E Brooks RdFreelandMI48623
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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 Freeland at 2818 E Brooks Rd, Freeland, MI, 48623 uses $88,146 cash to close to unlock $8,628/yr annual cash flow and $719/mo monthly cash flow. Total monthly income runs $2,472/mo, and a $1,301/mo payment keeps the spread at $719/mo. Purchase price stands at $265,900, and rental yield measures 11.16% with $2,472/mo rent. Return on cash invested shows 29.7% in year one, and 5% annual appreciation builds toward $73,463 over five years. Five-year ROI reaches 155.86% and total cumulative return in cash records $137,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,472/mo property income covering a $1,301/mo payment rather than investor’s personal income.
Single Family
Built in 1916
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
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