36505 Bismark RdNew BostonMI48164
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 New Boston at 36505 Bismark Rd, New Boston, MI, 48164 offers a 9.26% rental yield on a $168,900 purchase with $1,303/mo rent. Total monthly income registers $1,303/mo, and a $827/mo payment leaves $189/mo available for distribution. Annual cash flow reaches $2,266/yr on $55,990 to close, and return on cash invested stands at 23.96% in year one. Equity gained on principal adds $1,090/yr while 5% annual appreciation supports $46,664 over five years. Portfolio math shows five-year ROI at 125.1% and total cumulative return in cash at $70,044. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,303/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48164, New Boston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 3,244 (88.9%) |
| Renter Occupied HU | 275 ( 7.5%) |
| Vacant Housing Units | 131 ( 3.6%) |
| Median Home Value | $331,699 |
| Average Home Value | $334,306 |
Housing Distribution
Address Breakdown
Residential
3,822
Single Family
3,822
Multi-Family
0
Businesses
197
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Listed by: Taylor Cobb • Our Home & Co Real Estate
Mls Name: MiRealSource
Mls ID: #50196688