33846 Nokomis DrFraserMI48026
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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 Fraser at 33846 Nokomis Dr, Fraser, MI, 48026 offers a 8.65% rental yield on a $235,000 purchase with $1,694/mo rent. Total monthly income registers $1,694/mo, and a $1,150/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,734/yr on $77,903 to close, and return on cash invested stands at 22.13% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 115.33% and total cumulative return in cash at $89,848. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,694/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48026, Fraser, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,453 (100%) |
| Owner Occupied HU | 4,624 (71.7%) |
| Renter Occupied HU | 1,687 (26.1%) |
| Vacant Housing Units | 142 ( 2.2%) |
| Median Home Value | $217,434 |
| Average Home Value | $243,374 |
Housing Distribution
Address Breakdown
Residential
6,372
Single Family
5,658
Multi-Family
714
Businesses
679
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