32037 Red Creek DrChesterfieldMI48047
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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 Chesterfield at 32037 Red Creek Dr, Chesterfield, MI, 48047 earns $674/mo cash flow from $2,982/mo rent with a $1,713/mo payment. Total monthly income totals $2,982/mo, and annual cash flow totals $8,090/yr on $115,992 capital. ROI tracks 26.88% on current figures, and rental yield reads 10.23% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 140.8% and total cumulative return in cash sums $163,314. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,982/mo property income instead of your personal income.
Single Family
Built in 2000
7,405 sqft 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: William Pellow • Pellow Realty Group
Mls Name: MichRIC
Mls ID: #25060669