407 Estrada DrBellevilleMI48111
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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 Belleville at 407 Estrada Dr, Belleville, MI, 48111 uses $33,150 cash to close to unlock $17,940/yr annual cash flow and $1,495/mo monthly cash flow. Total monthly income runs $2,154/mo, and a $489/mo payment keeps the spread at $1,495/mo. Purchase price stands at $100,000, and rental yield measures 25.85% with $2,154/mo rent. Return on cash invested shows 74.03% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 393.53% and total cumulative return in cash records $130,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,154/mo property income covering a $489/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48111, Belleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,990 (100%) |
| Owner Occupied HU | 13,158 (65.8%) |
| Renter Occupied HU | 5,714 (28.6%) |
| Vacant Housing Units | 1,118 ( 5.6%) |
| Median Home Value | $271,917 |
| Average Home Value | $286,480 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
17,138
Multi-Family
2,835
Businesses
655
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Listed by: Connor Baugh • Social House Group
Mls Name: MichRIC
Mls Provider:
Mls ID: #24041620
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.