29008 Pinehurst DrChesterfieldMI48051
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
Rental property for sale in Chesterfield at 29008 Pinehurst Dr, Chesterfield, MI, 48051 generates $2,927/mo in rent and, after a $1,918/mo payment, leaves $343/mo in cash flow. Total monthly income is $2,927/mo, and annual cash flow is $4,113/yr on $129,915 invested. Return on cash invested sits at 23.08% in year one, and rental yield is 8.96% on a $391,900 entry. Equity gained on principal adds $2,529/yr, while 5% annual appreciation builds toward $108,275 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash sums $156,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,927/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48051, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,506 (100%) |
| Owner Occupied HU | 6,264 (83.5%) |
| Renter Occupied HU | 986 (13.1%) |
| Vacant Housing Units | 256 ( 3.4%) |
| Median Home Value | $283,218 |
| Average Home Value | $286,672 |
Housing Distribution
Address Breakdown
Residential
7,817
Single Family
7,817
Multi-Family
0
Businesses
604
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Catrina Galli • Real Estate One Clinton
Mls Name: MiRealSource
Mls ID: #50192034