3950 York View Dr NWComstock ParkMI49321
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 Comstock Park at 3950 York View Dr NW, Comstock Park, MI, 49321 earns $406/mo cash flow from $2,428/mo rent with a $1,419/mo payment. Total monthly income totals $2,428/mo, and annual cash flow totals $4,874/yr on $96,102 capital. ROI tracks 24.98% on current figures, and rental yield reads 10.05% at a $289,900 purchase. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 over five years. Five-year ROI reaches 131.11% and total cumulative return in cash sums $125,997. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,428/mo property income instead of your personal income.
Condo
Built in 1989
5,662 sqft lot
$N/A/sqft
$110 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49321, Comstock Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,190 (100%) |
| Owner Occupied HU | 4,375 (60.8%) |
| Renter Occupied HU | 2,533 (35.2%) |
| Vacant Housing Units | 282 ( 3.9%) |
| Median Home Value | $311,171 |
| Average Home Value | $337,061 |
Housing Distribution
Address Breakdown
Residential
7,187
Single Family
5,191
Multi-Family
1,996
Businesses
536
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Listed by: Thomas J Hudson • Greenridge Realty (Caledonia)
Mls Name: MichRIC
Mls Provider:
Mls ID: #24049806
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.