31603 Breezeway #62New BaltimoreMI48047
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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 New Baltimore at 31603 Breezeway #62, New Baltimore, MI, 48047 earns $211/mo cash flow from $1,230/mo rent with a $756/mo payment. Total monthly income totals $1,230/mo, and annual cash flow totals $2,536/yr on $51,217 capital. ROI tracks 24.86% on current figures, and rental yield reads 9.55% at a $154,500 purchase. Equity gained on principal adds $997/yr, and 5% annual appreciation supports $42,686 over five years. Five-year ROI reaches 129.99% and total cumulative return in cash sums $66,579. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,230/mo property income instead of your personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48047, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,500 (100%) |
| Owner Occupied HU | 13,018 (78.9%) |
| Renter Occupied HU | 2,935 (17.8%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $331,383 |
| Average Home Value | $354,784 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
15,958
Multi-Family
450
Businesses
771
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Listed by: Kristi Donaldson • Berkshire Hathaway HomeServices Kee Realty NB
Mls Name: MiRealSource
Mls ID: #50196867