29401 Tamarack 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 29401 Tamarack Dr, Flat Rock, MI, 48134 uses $74,256 cash to close to unlock $7,718/yr annual cash flow and $643/mo monthly cash flow. Total monthly income runs $2,120/mo, and a $1,096/mo payment keeps the spread at $643/mo. Purchase price stands at $224,000, and rental yield measures 11.36% with $2,120/mo rent. Return on cash invested shows 30.3% in year one, and 5% annual appreciation builds toward $61,887 over five years. Five-year ROI reaches 159.16% and total cumulative return in cash records $118,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,120/mo property income covering a $1,096/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,534 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