35873 Glenville DrNew BaltimoreMI48047
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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 New Baltimore at 35873 Glenville Dr, New Baltimore, MI, 48047 uses $192,432 cash to close to unlock $2,456/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $4,062/mo, and a $2,863/mo payment keeps the spread at $205/mo. Purchase price stands at $584,900, and rental yield measures 8.33% with $4,062/mo rent. Return on cash invested shows 21.34% in year one, and 5% annual appreciation builds toward $161,597 over five years. Five-year ROI reaches 111% and total cumulative return in cash records $213,599. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,062/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Single Family
Built in 2024
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48047, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,500 (100%) |
| Owner Occupied HU | 13,018 (78.9%) |
| Renter Occupied HU | 2,935 (17.8%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $331,383 |
| Average Home Value | $354,784 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
15,958
Multi-Family
450
Businesses
771
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Listed by: Adriana Sarti • Realty Executives Home Towne
Mls Name: Realcomp II
Mls ID: #20240033145