29664 Tamarack DrFlat RockMI48134
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 2 Bed
- 1 Bath
- 788 sft
- 3 Bed
- 2 Bath
- 1185 sft
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 29664 Tamarack Dr, Flat Rock, MI, 48134 uses $64,278 cash to close to unlock $11,944/yr annual cash flow and $995/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $949/mo payment keeps the spread at $995/mo. Purchase price stands at $193,900, and rental yield measures 14.07% with $2,274/mo rent. Return on cash invested shows 38.49% in year one, and 5% annual appreciation builds toward $53,571 over five years. Five-year ROI reaches 203.06% and total cumulative return in cash records $130,525. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $949/mo payment rather than investor’s personal income.
Single Family
Built in 1954
6,098 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
- 2 Bed
- 1 Bath
- 788 sft
- 3 Bed
- 2 Bath
- 1185 sft
Listed by: Mark Lizyness • RE/MAX Masters
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240067976
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-13 12:49:16 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702