3667 Bay Harbor DrBrightonMI48114
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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 Brighton at 3667 Bay Harbor Dr, Brighton, MI, 48114 uses $165,487 cash to close to unlock $7,751/yr annual cash flow and $646/mo monthly cash flow. Total monthly income runs $4,508/mo, and a $2,462/mo payment keeps the spread at $646/mo. Purchase price stands at $503,000, and rental yield measures 10.75% with $4,508/mo rent. Return on cash invested shows 24.74% in year one, and 5% annual appreciation builds toward $138,970 over five years. Five-year ROI reaches 130.7% and total cumulative return in cash records $216,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,508/mo property income covering a $2,462/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
$545 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48114, Brighton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 7,693 (91.0%) |
| Renter Occupied HU | 547 ( 6.5%) |
| Vacant Housing Units | 214 ( 2.5%) |
| Median Home Value | $426,414 |
| Average Home Value | $445,549 |
Housing Distribution
Address Breakdown
Residential
8,334
Single Family
8,246
Multi-Family
88
Businesses
454
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