324 Ashley Ct #10BrooklynMI49230
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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
Rental property for sale in Brooklyn at 324 Ashley Ct #10, Brooklyn, MI, 49230 generates $1,769/mo in rent and, after a $710/mo payment, leaves $563/mo in cash flow. Total monthly income is $1,769/mo, and annual cash flow is $6,750/yr on $48,068 invested. Return on cash invested sits at 33.95% in year one, and rental yield is 14.64% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 180.99% and total cumulative return in cash sums $86,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,769/mo property income rather than buyer’s personal income.
Condo
Built in 2006
435.60 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
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