31671 School Section RdRichmondMI48062
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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 Richmond at 31671 School Section Rd, Richmond, MI, 48062 offers a 9.4% rental yield on a $390,000 purchase with $3,054/mo rent. Total monthly income registers $3,054/mo, and a $1,909/mo payment leaves $482/mo available for distribution. Annual cash flow reaches $5,784/yr on $129,285 to close, and return on cash invested stands at 24.38% in year one. Equity gained on principal adds $2,517/yr while 5% annual appreciation supports $107,750 over five years. Portfolio math shows five-year ROI at 127.36% and total cumulative return in cash at $164,660. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,054/mo property income against a $1,909/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1906
5.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48062, Richmond, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,867 (100%) |
| Owner Occupied HU | 3,051 (78.9%) |
| Renter Occupied HU | 667 (17.2%) |
| Vacant Housing Units | 149 ( 3.9%) |
| Median Home Value | $294,582 |
| Average Home Value | $315,379 |
Housing Distribution
Address Breakdown
Residential
3,838
Single Family
3,610
Multi-Family
228
Businesses
381
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