4219 Inverness St #118DexterMI48130
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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 Dexter at 4219 Inverness St #118, Dexter, MI, 48130 uses $86,190 cash to close to unlock $3,540/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $2,010/mo, and a $1,273/mo payment keeps the spread at $295/mo. Purchase price stands at $260,000, and rental yield measures 9.28% with $2,010/mo rent. Return on cash invested shows 24.02% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 125.39% and total cumulative return in cash records $108,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,010/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 1997
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48130, Dexter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,147 (100%) |
| Owner Occupied HU | 5,316 (86.5%) |
| Renter Occupied HU | 586 ( 9.5%) |
| Vacant Housing Units | 245 ( 4.0%) |
| Median Home Value | $464,823 |
| Average Home Value | $515,768 |
Housing Distribution
Address Breakdown
Residential
6,303
Single Family
6,154
Multi-Family
149
Businesses
541
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