438 Lockmoor Ct #18Grand BlancMI48439
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 Grand Blanc at 438 Lockmoor Ct #18, Grand Blanc, MI, 48439 offers a 8.56% rental yield on a $219,000 purchase with $1,562/mo rent. Total monthly income registers $1,562/mo, and a $1,072/mo payment leaves $118/mo available for distribution. Annual cash flow reaches $1,412/yr on $72,599 to close, and return on cash invested stands at 21.85% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 113.82% and total cumulative return in cash at $82,629. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,562/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48439, Grand Blanc, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,970 (100%) |
| Owner Occupied HU | 15,548 (70.8%) |
| Renter Occupied HU | 5,440 (24.8%) |
| Vacant Housing Units | 982 ( 4.5%) |
| Median Home Value | $273,989 |
| Average Home Value | $306,474 |
Housing Distribution
Address Breakdown
Residential
22,196
Single Family
20,615
Multi-Family
1,581
Businesses
894
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael S Courtney • First Real Estate
Mls Name: Realcomp II
Mls ID: #20251054030