3228 Wolcott StFlintMI48504
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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 3228 Wolcott St, Flint, MI, 48504 offers a 9.52% rental yield on a $169,900 purchase with $1,348/mo rent. Total monthly income registers $1,348/mo, and a $832/mo payment leaves $227/mo available for distribution. Annual cash flow reaches $2,726/yr on $56,322 to close, and return on cash invested stands at 24.75% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 129.42% and total cumulative return in cash at $72,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,348/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48504, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,706 (100%) |
| Owner Occupied HU | 6,260 (53.5%) |
| Renter Occupied HU | 3,646 (31.1%) |
| Vacant Housing Units | 1,800 (15.4%) |
| Median Home Value | $56,613 |
| Average Home Value | $119,600 |
Housing Distribution
Address Breakdown
Residential
10,016
Single Family
9,358
Multi-Family
658
Businesses
606
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