3428 Lennon RdFlintMI48507
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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 Flint at 3428 Lennon Rd, Flint, MI, 48507 priced at $229,000 converts $2,020/mo rent into $510/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,020/mo, and annual cash flow totals $6,116/yr on $75,914 invested. Return on cash invested prints 27.97% in year one, and rental yield reads 10.59% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 146.6% and total cumulative return in cash sums $111,293. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,020/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48507, Flint, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,440 (100%) |
| Owner Occupied HU | 8,027 (55.6%) |
| Renter Occupied HU | 4,811 (33.3%) |
| Vacant Housing Units | 1,602 (11.1%) |
| Median Home Value | $131,237 |
| Average Home Value | $160,132 |
Housing Distribution
Address Breakdown
Residential
12,852
Single Family
10,959
Multi-Family
1,893
Businesses
1,439
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