3757 Chatham Pl #64BrightonMI48114
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 3757 Chatham Pl #64, Brighton, MI, 48114 in Brighton deserves attention. This $548,826 property earns $6,085/mo in rent, a 13.31% gross yield, and nets $2,171/mo after the $2,468/mo payment. DSCR 2.47 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $151,631 compounds alongside $5,055/yr in yearly equity build, for a total cumulative return of $350,032.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 6.5% |
| Monthly Cash Flow | $2,171 | $300 |
City averages based on Brighton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,085 |
| Total Monthly Debt Service | $3,696 |
| DSCR Ratio | 1.65x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices