3757 Chatham Pl #64BrightonMI48114
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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
Rental property for sale in Brighton at 3757 Chatham Pl #64, Brighton, MI, 48114 generates $6,085/mo in rent and, after a $2,686/mo payment, leaves $2,171/mo in cash flow. Total monthly income is $6,085/mo, and annual cash flow is $26,052/yr on $180,564 invested. Return on cash invested sits at 34.49% in year one, and rental yield is 13.3% on a $548,826 entry. Equity gained on principal adds $3,541/yr, while 5% annual appreciation builds toward $151,631 over five years. Five-year ROI reaches 182.23% and total cumulative return in cash sums $329,041. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,085/mo property income rather than buyer’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
$295 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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Listed by: Barbara Gates • MJC Real Estate Co Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50147964
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