33060 Cherry Hill RdGarden CityMI48135
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
Investment property for sale in Garden City at 33060 Cherry Hill Rd, Garden City, MI, 48135 uses $96,135 cash to close to unlock $3,720/yr annual cash flow and $310/mo monthly cash flow. Total monthly income runs $2,222/mo, and a $1,419/mo payment keeps the spread at $310/mo. Purchase price stands at $289,999, and rental yield measures 9.19% with $2,222/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $80,121 over five years. Five-year ROI reaches 124.12% and total cumulative return in cash records $119,320. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,222/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48135, Garden City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,495 (100%) |
| Owner Occupied HU | 9,122 (79.4%) |
| Renter Occupied HU | 2,013 (17.5%) |
| Vacant Housing Units | 360 ( 3.1%) |
| Median Home Value | $167,366 |
| Average Home Value | $203,939 |
Housing Distribution
Address Breakdown
Residential
11,404
Single Family
10,868
Multi-Family
536
Businesses
590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Khalil Hojeij • Empire Realty Group
Mls Name: Realcomp II
Mls ID: #20261002550