3888 Chatham Pl #99BrightonMI48114
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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 3888 Chatham Pl #99, Brighton, MI, 48114 generates $1,410/mo in rent, after a $2,520/mo payment. Total monthly income is $1,410/mo. Return on cash invested sits at 6% in year one, and rental yield is 3.29% on a $514,810 entry. Equity gained on principal adds $3,322/yr, while 5% annual appreciation builds toward $142,233 over five years. Five-year ROI reaches 28.72% and total cumulative return in cash sums $48,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,410/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No 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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