326 Fairfax StErieMI48133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Erie at 326 Fairfax St, Erie, MI, 48133 priced at $142,900 pairs $1,129/mo rent with $187/mo cash flow after a $699/mo payment. Total monthly income equals $1,129/mo, and annual cash flow comes to $2,245/yr on $47,371 invested. Return on cash invested is 24.65% in year one, and rental yield stands at 9.48% on a $142,900 basis. Equity gained on principal adds $922/yr, and 5% annual appreciation accumulates to $39,481 by year five. Five-year ROI measures 128.91% and total cumulative return in cash reaches $61,065. For financing, Ziffy Mortgage’s DSCR program evaluates $1,129/mo property income against a $699/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48133, Erie, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,167 (100%) |
| Owner Occupied HU | 1,767 (81.5%) |
| Renter Occupied HU | 225 (10.4%) |
| Vacant Housing Units | 175 ( 8.1%) |
| Median Home Value | $236,638 |
| Average Home Value | $248,434 |
Housing Distribution
Address Breakdown
Residential
2,474
Single Family
2,474
Multi-Family
0
Businesses
131
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Nearby investment properties with comparable prices
