321 W 2nd StFlintMI48502
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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 Flint at 321 W 2nd St, Flint, MI, 48502 uses $62,952 cash to close to unlock $3,266/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $1,524/mo, and a $929/mo payment keeps the spread at $272/mo. Purchase price stands at $189,900, and rental yield measures 9.63% with $1,524/mo rent. Return on cash invested shows 25.1% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 131.27% and total cumulative return in cash records $82,637. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,524/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1917
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48502, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 353 (100%) |
| Owner Occupied HU | 56 (15.9%) |
| Renter Occupied HU | 227 (64.3%) |
| Vacant Housing Units | 70 (19.8%) |
| Median Home Value | $52,500 |
| Average Home Value | $82,321 |
Housing Distribution
Address Breakdown
Residential
433
Single Family
173
Multi-Family
260
Businesses
451
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