34992 Quail Trl #73RichmondMI48062
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 Richmond at 34992 Quail Trl #73, Richmond, MI, 48062 generates $1,300/mo in rent, after a $1,415/mo payment. Total monthly income is $1,300/mo. Return on cash invested sits at 9.18% in year one, and rental yield is 5.4% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 47.01% and total cumulative return in cash sums $45,038. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,300/mo property income rather than buyer’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48062, Richmond, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,867 (100%) |
| Owner Occupied HU | 3,051 (78.9%) |
| Renter Occupied HU | 667 (17.2%) |
| Vacant Housing Units | 149 ( 3.9%) |
| Median Home Value | $294,582 |
| Average Home Value | $315,379 |
Housing Distribution
Address Breakdown
Residential
3,838
Single Family
3,610
Multi-Family
228
Businesses
381
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dee Patsalis • Sine & Monaghan Realtors LLC St Clair
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162685
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/info/mls-disclaimers/#mls_261)